A Metaheuristic for Solving Large-Scale Two-Stage Stochastic Mixed 0-1 Programs with the Time Stochastic Dominance Risk Averse Strategy

Susana Baptista, Ana Paula Barbosa-povoa, Laureano Escudero, Maria Isabel Gomes, Celeste Pizarro

Research output: Contribution to conferencePaper

Abstract

Supply Chain Design problems often result into multiperiod stochastic mixed integer problems that are hard to solve. In this paper we propose a metaheuristic algorithm as a specialization for two- stage problems of the so-named Fix-and-Relax Algorithm presented previously for solving large- scale multiperiod stochastic mixed 0-1 optimization problems under a time stochastic dominance risk averse strategy, so-named TSD. Some computational experience is presented.

Original languageEnglish
Pages857-862
Number of pages6
Publication statusPublished - 2015
Event25: 12th International Symposium on Process Systems Engineering and 25th European Symposium on Computer Aided Process Engineering. - Copenhagen, Denmark
Duration: 31 May 20154 Jun 2015
http://www.pse2015escape25.dk

Conference

Conference25
Abbreviated titlePSE2015/ESCAPE25
CountryDenmark
CityCopenhagen
Period31/05/154/06/15
Internet address

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