Decision Programming: A Stochastic Optimization Framework for Multi-Stage Decision Problems

Description of the granted funding

The project will further develop the decision programming framework as a methodology for modelling and solving multi-stage decision problems under uncertainty. These developments will make it possible to address a range of general decision problems in which existing methods face issues in terms of problem representation and computational tractability. In specific, we will develop modelling approaches and solution strategies, investigating how to incorporate multiple objectives, risk and ambiguity considerations as well as continuous decisions; and how to develop parallelizable solution methods based on decomposition techniques. The outputs of this project offers researchers and practitioners a general modelling approach for addressing challenging decision problems, including those encoungered in diagnostic testing in healthcare, selection of risk mitigation actions for safety-critical systems and cost-benefit analyses for climate change mitigation strategies, among others.
Show more

Starting year

2020

End year

2024

Granted funding

Fabricio Oliveira Orcid -palvelun logo
544 435 €

Funder

Research Council of Finland

Funding instrument

Academy projects

Other information

Funding decision number

332180

Fields of science

Mathematics

Research fields

Sovellettu matematiikka

Identified topics

computer science, information science, algorithms