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Distributionally Robust Optimization Utilizing Facility Location Problems, Elijah Kling
Distributionally Robust Optimization Utilizing Facility Location Problems, Elijah Kling
Civil and Environmental Engineering Undergraduate Honors Theses
Facility location problems are used in widespread application in transportation, freight, supply chain, and logistics problems. Models can be developed as deterministic, where all parameters are known, or robust, where a parameter has uncertainty. This thesis explores a new method for developing robust formulation and compares the implications of assuming values for this uncertain parameter. Two models are solved, and both are compared against their deterministic counterparts using numerical analysis. By manipulating the input parameters and considering real world implications of the solutions, either the robust or deterministic can show better performance.