The Value of Wildfire Simulations in Enterprise Risk Management
This post is part of a series sponsored by CoreLogic. Going beyond historical data brings clarity to the future of wildfire risk Welcome to the second
Source: insurancejournal.com
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"A simulation-based solution approach for the robust capacitated vehicl" by Marcella Bernardo, Bo Du et al.
This article introduces a solution approach for the Stochastic Capacitated Vehicle Routing Problem (SCVRP) with uncertain demands, called Robust Simulation-Based (RoSi) approach. RoSi aims at designing route plans that can be more or less robust based on a decision-maker weight, i.e. solutions that resist demand changes with marginal additional (recourse) cost. For that, RoSi combines simulation with heuristics. It transforms a complex SCVRP into a set of deterministic ones, where well-known heuristics can be applied, computing a set of feasible solutions. These solutions are assessed by Monte...
Source: uow.edu.au