Tushar Rathi

Enhancing explainability of stochastic programming solutions via scenario and recourse reduction

  • Tushar Rathi
  • Rishabh Gupta
  • Jose M. Pinto
  • Qi Zhang
    • Categories Stochastic Programming Tags , , ,

    Stochastic programming (SP) is a well-studied framework for modeling optimization problems under uncertainty. However, despite the significant advancements in solving large SP models, they are not widely used in industrial practice, often because SP solutions are difficult to understand and hence not trusted by the user. Unlike deterministic optimization models, SP models generally involve recourse … Read more

    Capacity planning with uncertain endogenous technology learning

  • Tushar Rathi
  • Qi Zhang
    • Categories Applications - OR and Management Sciences, Stochastic Programming Tags , , , ,

    Optimal capacity expansion requires complex decision-making, often influenced by technology learning, which represents the reduction in expansion cost due to factors such as cumulative installed capacity. However, having perfect foresight over the technology cost reduction is highly unlikely. In this work, we develop a multistage stochastic programming framework to model capacity planning problems with endogenous … Read more