Approximate Dynamic Programming for a Class of Long-Horizon Maritime Inventory Routing Problems

We study a deterministic maritime inventory routing problem with a long planning horizon. For instances with many ports and many vessels, mixed-integer linear programming (MIP) solvers often require hours to produce good solutions even when the planning horizon is 90 or 120 periods. Building on the recent successes of approximate dynamic programming (ADP) for road-based … Read more

Probabilistic Set Covering with Correlations

We consider a probabilistic set covering problem where there is uncertainty regarding whether a selected set can cover an item, and the objective is to determine a minimum-cost combination of sets so that each item is covered with a pre-specified probability. To date, literature on this problem has focused on the special case in which … Read more