One approach to robust optimization is to modify the original optimization problem by
A) Assigning average values to each uncertain parameter.
B) Assigning conservative values to each uncertain parameter.
C) Assigning optimistic values to each uncertain parameter.
D) Assigning random values to each uncertain parameter.
E) Assigning precise values to each uncertain parameter.

Question

Quizplus · Accepted Answer

Assigning conservative values to uncertain parameters is the best approach for robust optimization as it ensures that the solution obtained is feasible even in the presence of uncertainties. This approach also minimizes the chances of constraints being violated and maximizes the chances of meeting performance targets. Assigning average, optimistic or random values may lead to unrealistic solutions, while assigning precise values may not account for the randomness and variability of the uncertain parameters.

One Approach to Robust Optimization Is to Modify the Original