Scenario optimization is a mathematical and computational approach used to make decisions under uncertainty by evaluating multiple possible future scenarios. This method is particularly relevant in fields such as finance, supply chain management, operations research, and energy systems, where outcomes can significantly vary based on uncertain factors. Here are the key elements of scenario optimization: 1. **Scenarios**: These are distinct representations of future states based on different assumptions regarding uncertain parameters.
Articles by others on the same topic
There are currently no matching articles.