no code implementations • 19 Dec 2023 • Reza Belbasi, Aras Selvi, Wolfram Wiesemann
A key challenge in this context is the presence of estimation errors in the prediction models, which tend to be amplified by the subsequent optimization model -- a phenomenon that is often referred to as the Optimizer's Curse or the Error-Maximization Effect of Optimization.
1 code implementation • 25 Apr 2023 • Aras Selvi, Huikang Liu, Wolfram Wiesemann
We show that the problem affords a strong dual, and we exploit this duality to develop converging hierarchies of finite-dimensional upper and lower bounding problems.