Justin Starreveld

Robustness Analysis for Adaptive Optimization With Application to Industrial Decarbonization in the Netherlands

  • Justin Starreveld
  • Dick den Hertog
  • Jaron Davelaar
    • Categories Applications - OR and Management Sciences, Energy, Robust Optimization Tags , , ,

    Robustness analysis assesses the performance of a particular solution under variation in the input data. This is distinct from sensitivity analysis, which assesses how variation in the input data changes a model’s optimal solution. For risk assessment purposes, robustness analysis has more practical value than sensitivity analysis. This is because sensitivity analysis, when applied to … Read more

    ROBIST: Robust Optimization by Iterative Scenario Sampling and Statistical Testing

  • Justin Starreveld
  • Dick den Hertog
  • Roger Laeven
  • Guanyu Jin
    • Categories Robust Optimization Tags , , ,

    In this paper, we propose ROBIST, a simple, yet effective, data-driven algorithm for optimization under parametric uncertainty. The algorithm first generates solutions in an iterative manner by sampling and optimizing over a relatively small set of scenarios. Then, using statistical testing, the robustness of the solutions is evaluated, which can be done with a much … Read more