Frameworks and results in distributionally robust optimization

H Rahimian, S Mehrotra - Open Journal of Mathematical Optimization, 2022‏ - numdam.org
The concepts of risk aversion, chance-constrained optimization, and robust optimization
have developed significantly over the last decade. The statistical learning community has …

[HTML][HTML] Distributionally robust optimization: A review on theory and applications

F Lin, X Fang, Z Gao - Numerical Algebra, Control and Optimization, 2022‏ - aimsciences.org
In this paper, we survey the primary research on the theory and applications of
distributionally robust optimization (DRO). We start with reviewing the modeling power and …

Data-driven stochastic programming using phi-divergences

G Bayraksan, DK Love - The operations research revolution, 2015‏ - pubsonline.informs.org
Most of classical stochastic programming assumes that the distribution of uncertain
parameters are known, and this distribution is an input to the model. In many applications …

Multistage distributionally robust mixed-integer programming with decision-dependent moment-based ambiguity sets

X Yu, S Shen - Mathematical Programming, 2022‏ - Springer
We study multistage distributionally robust mixed-integer programs under endogenous
uncertainty, where the probability distribution of stage-wise uncertainty depends on the …

Distributionally robust optimization with decision dependent ambiguity sets

F Luo, S Mehrotra - Optimization Letters, 2020‏ - Springer
We study decision dependent distributionally robust optimization models, where the
ambiguity sets of probability distributions can depend on the decision variables. These …

Data-driven chance constrained optimization under Wasserstein ambiguity sets

AR Hota, A Cherukuri, J Lygeros - 2019 American Control …, 2019‏ - ieeexplore.ieee.org
We present a data-driven approach for distri-butionally robust chance constrained
optimization problems (DRCCPs). We consider the case where the decision maker has …

Security-constrained optimal sizing and siting of BESS in hybrid AC/DC microgrid considering post-contingency corrective rescheduling

K Gong, X Wang, C Jiang… - IEEE Transactions …, 2021‏ - ieeexplore.ieee.org
Hybrid AC/DC microgrids allow the integration of diverse renewable energy resources.
However, the security and the reliability of hybrid AC/DC microgrid systems are challenged …

Decomposition algorithm for distributionally robust optimization using Wasserstein metric with an application to a class of regression models

F Luo, S Mehrotra - European Journal of Operational Research, 2019‏ - Elsevier
We study distributionally robust optimization (DRO) problems where the ambiguity set is
defined using the Wasserstein metric and can account for a bounded support. We show that …

Distributionally robust portfolio optimization with second-order stochastic dominance based on wasserstein metric

Z Hosseini-Nodeh, R Khanjani-Shiraz, PM Pardalos - Information Sciences, 2022‏ - Elsevier
In portfolio optimization, we may be dealing with misspecification of a known distribution,
that stock returns follow it. The unknown true distribution is considered in terms of a …

Distributionally robust optimization with matrix moment constraints: Lagrange duality and cutting plane methods

H Xu, Y Liu, H Sun - Mathematical programming, 2018‏ - Springer
A key step in solving minimax distributionally robust optimization (DRO) problems is to
reformulate the inner maximization wrt probability measure as a semiinfinite programming …