New article by Stein W. Wallace

2 May 2017 12:13

(updated: 2 May 2017 12:26)

New article by Stein W. Wallace

The article "Stochastic multi-commodity network design: The quality of deterministic solutions" has been published in Operations Research Letters.

Sun, Congshi, Stein W. Wallace, and Li Luo: Stochastic multi-commodity network design: The quality of deterministic solutions, Operations Research Letters 2017, 45(3), 266-268.

Abstract

Solutions to deterministic network design problems are feasible, but often far from optimal, solutions to stochastic versions of the problem. On the other hand, deterministic models are much easier to solve. We demonstrate that deterministic solutions, despite being of rather low quality, are very useful in finding good, if not optimal, solutions to stochastic multi-commodity network design models.