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A practical approach for identifying expected solution performance and robustness in operations research applications

Burdett, Robert L., Kozan, Erhan, & Strickland, Christopher (2012) A practical approach for identifying expected solution performance and robustness in operations research applications. ASOR Bulletin, 31(2), pp. 1-28.

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Abstract

A practical approach for identifying solution robustness is proposed for situations where parameters are uncertain. The approach is based upon the interpretation of a probability density function (pdf) and the definition of three parameters that describe how significant changes in the performance of a solution are deemed to be. The pdf is constructed by interpreting the results of simulations. A minimum number of simulations are achieved by updating the mean, variance, skewness and kurtosis of the sample using computationally efficient recursive equations. When these criterions have converged then no further simulations are needed. A case study involving several no-intermediate storage flow shop scheduling problems demonstrates the effectiveness of the approach.

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ID Code: 50471
Item Type: Journal Article
ISSN: 1446-6678
Subjects: Australian and New Zealand Standard Research Classification > MATHEMATICAL SCIENCES (010000) > STATISTICS (010400) > Statistical Theory (010405)
Australian and New Zealand Standard Research Classification > MATHEMATICAL SCIENCES (010000) > OTHER MATHEMATICAL SCIENCES (019900) > Mathematical Sciences not elsewhere classified (019999)
Divisions: Current > Schools > School of Mathematical Sciences
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: ©The Australian Society for Operations Research 2012
Deposited On: 22 May 2012 09:17
Last Modified: 13 Feb 2013 08:56

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