Analyzing process flexibility: A distribution-free approach with partial expectations

We develop a distribution-free model to evaluate the performance of process flexibility structures when only the mean and partial expectation of the demand are known. We characterize the worst-case demand distribution under general concave objective functions, and apply it to derive tight lower boun...

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Bibliographic Details
Main Authors: Bidkhori, Hoda, Simchi-Levi, David, Wei, Yehua
Other Authors: Massachusetts Institute of Technology. Department of Civil and Environmental Engineering
Format: Article
Published: Elsevier 2018
Online Access:http://hdl.handle.net/1721.1/114882
https://orcid.org/0000-0002-4650-1519