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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao zbMATH Openarrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
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Article . 2010
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Robust mathematical programming for natural resource modelling under parametric uncertainty

Robust mathematical programming for natural resource modeling under parametric uncertainty
Authors: Doole, Graeme J.; Kingwell, Ross;

Robust mathematical programming for natural resource modelling under parametric uncertainty

Abstract

Summary: Inaccurate specification of model coefficients can lead to false or distorted findings in modeling investigations of natural resource management. Hence, this paper outlines a decision framework for optimization problems in which only the bounded set of outcomes for uncertain parameters is known. These models can be solved with standard mathematical programming software and are no larger than their deterministic equivalent. The robust approach is contrasted against deterministic analysis and is demonstrated for two applications regarding the management of natural resources. Deterministic plans are infeasible in at least 40\% of cases when parameters vary from their point estimates. Inclusion of robust constraints immunizes against this infeasibility, thereby removing errors arising from false certainty. Additionally, incorporation of bounded parameters in the objective function yields interval-valued sets containing potential outcomes. However, this increase in the general relevance of model output introduces some degree of suboptimality as deterministic plans are buffered to proactively account for potential variability. The cost of robustness increases with the simulated spread of uncertain coefficients but may be reduced through accounting for the uncertainty aversion of decision makers.

Country
New Zealand
Related Organizations
Keywords

Applications of mathematical programming, Environmental economics (natural resource models, harvesting, pollution, etc.), robust optimization, parameter uncertainty, natural resources, mathematical programming, 510

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
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