Events Calendar

Epstein ISE Research Seminar

Speaker: Dr. Julia L. Higle, Professor and Chair, Dept. of Integrated Systems Engineering, The Ohio State University

Talk Title: "Decisions and Data under Uncertainty"

Abstract: From its very inception, Operations Research has grappled with problems of Decisions under Uncertainty. Even in the early days of linear programming, Dantzig recognized that "the real problem"
involved programming under uncertainty! Progress with algorithmic methods, and advances in computing technology have made it possible to address "industrial-strength" applications which integrate data and decisions to deliver convincing real-world solutions.

Applications compel us to make decisions about the data that we use, a fact that we recognize with varying degrees of formality. In this talk, we will motivate a stochastic programming approach to "decision modeling" and "data modeling" using two applications emerging from the service sector. Following a presentation of the models that describe these applications, we provide an overview of Stochastic Decomposition (SD), a stochastic programming solution methodology. We report results that illustrate the quality of the policies that can be developed through this approach.

Location: Hughes Aircraft Electrical Engineering Center (EEB) - Room 248

Audiences: Everyone Is Invited

Contact: Georgia Lum