Bi-objective risk-averse facility location using a subset-based representation of the conditional value-at-risk

• Published in: arXiv.org
• Main Authors: Nazemi, Najmesadat, Parragh, Sophie N, Gutjahr, Walter J
• Format: Paper Journal Article
• Language: English
• Published: Ithaca Cornell University Library, arXiv.org 13.02.2023
• Subjects: Computer Science - Discrete Mathematics; Cutting; Decision making; Mathematics - Optimization and Control; Operations research; Representations; Risk

For many real-world decision-making problems subject to uncertainty, it may be essential to deal with multiple and often conflicting objectives while taking the decision-makers' risk preferences into account. Conditional value-at-risk (CVaR) is a widely applied risk measure to address risk-aver...