A Decision Support System for Farm Regional Planning
I. Papathanasiou, B. Manos, Μ. Vlachopoulou, I. Vassiliadou (2005)
The Yugoslav Journal of Operations Research
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Displaying similar documents to “Optimal Allocation of Renewable Energy Parks: A Two–stage Optimization Model”
A Decision Support System for Farm Regional Planning
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We examine worst-case analysis from the standpoint of classical Decision Theory. We elucidate how this analysis is expressed in the framework of Wald's famous Maximin paradigm for decision-making under strict uncertainty. We illustrate the subtlety required in modeling this paradigm by showing that information-gap's robustness model is in fact a Maximin model in disguise.
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