This Week at Physics

<< January 2018 >>
Sun Mon Tue Wed Thu Fri Sat
   1   2   3   4   5   6 
 7   8   9   10   11   12   13 
 14   15   16   17   18   19   20 
 21   22   23   24   25   26   27 
 28   29   30   31   
Add an Event Edit This Event

This Week at Physics

<< Fall 2017 Spring 2018 Fall 2018 >>
Subscribe your calendar or receive email announcements of events

Event Number 4721

  Tuesday, January 30th, 2018

Chaos & Complex Systems Seminar
Stochastic optimization: Making complex design, planning, and operation decisions in the face of uncertainty
Time: 12:05 pm
Place: 4274 Chamberlin (Refreshments will be served)
Speaker: Jim Luedtke, UW Department of Industrial Engineering
Abstract: Stochastic optimization is a branch of mathematical optimization concerned with helping make design, planning, and operation decisions in the face of uncertain outcomes or data. Example applications of stochastic optimization include: planning power generation in systems with uncertainty in wind outputs and rainfall (which effects hydro-reservoir levels); deciding order quantities at a retailer with uncertain customer demands; and making financial investments without knowing the returns the different investment options will yield. I will provide an overview of the field stochastic optimization, with a bias towards topics related to my research. I will focus on discussing different types of models and when they might be useful, and, time permitting, will overview some of the solution approaches.
Host: Clint Sprott
Add this event to your calendar
©2013 Board of Regents of the University of Wisconsin System