Computers & Chemical Engineering, Vol.91, 3-14, 2016
Recent advances in mathematical programming techniques for the optimization of process systems under uncertainty
Optimization under uncertainty has been an active area of research for many years. However, its application in Process Systems Engineering has faced a number of important barriers that have prevented its effective application. Barriers include availability of information on the uncertainty of the data (ad-hoc or historical), determination of the nature of the uncertainties (exogenous vs. endogenous), selection of an appropriate strategy for hedging against uncertainty (robust/chance constrained optimization vs. stochastic programming), large computational expense (often orders of magnitude larger than deterministic models), and difficulty of interpretation of the results by non-expert users. In this paper, we describe recent advances that have addressed some of these barriers for mostly linear models. (C) 2016 Elsevier Ltd. All rights reserved.
Keywords:Decision rule;Robust optimization;Stochastic programming;Exogenous uncertainty;Endogenous uncertainty;Scenario generation