Real Time Optimization for Real World Problems
Prof. Warren Powell Operations Research and Financial Engineering, Princeton Uni
Wed Jan 28, 10:30am-12:00pm, E40-106
No enrollment limit, no advance sign up
Single session event
Optimization offers the potential for providing companies with computer support system for complex operational problems. Despite their promise, the implementation of optimization models in these settings has proved difficult. Aside from the technical challenge of solving complex models quickly, real-time models encounter a range of data problems that do not arise in a laboratory setting. Professor Powell will review the major classes of data problems that we have encountered. He will show how some of these problems can be partially overcome in a cost-effective way. Professor Powell will also share his own views on how real-time models should be implemented and what management can and should expect from a real-time system.
Contact: Yann Le Tallec, Ketty Tanizar, Kendell Timmers, E40-130, x3-7412, letallec@mit.edu,ktanizar@mit.edu,ktimmers@mit.edu
Sponsor: Operations Research Center
Latest update: 30-Oct-2003
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