A target oriented robust optimization model for selection of engineering project portfolio under uncertainty

• Main Authors: Aviso, Kathleen B., Sy, Charlle L., Tan, Raymond Girard R.
• Format: text
• Published: Animo Repository 2017
• Subjects: Robust optimization; Chemical Engineering; Engineering
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/1150; https://animorepository.dlsu.edu.ph/context/faculty_research/article/2149/type/native/viewcontent
• Institution: De La Salle University

Budget constraints often force firms to select engineering projects to be implemented from a larger set of alternatives. The conventional approach makes use of 0-1 programming models to identify optimal portfolios for implementation. However, this approach requires deterministic process parameters i...