Publisher DOI: 10.1007/s10479-018-2880-5
Title: An accelerated L-shaped method for solving two-stage stochastic programs in disaster management
Language: English
Authors: Grass, Emilia 
Fischer, Kathrin 
Rams, Antonia 
Keywords: Disaster management;Interior-point methods;L-shaped method;Stochastic Benders decomposition;Two-stage stochastic programming
Issue Date: 15-May-2018
Publisher: Springer Science + Business Media B.V.
Source: Annals of Operations Research 2 (284): 557-582 (2020)
Journal or Series Name: Annals of operations research 
Abstract (english): © 2018, Springer Science+Business Media, LLC, part of Springer Nature. Mitigating the disastrous effects of natural disasters by performing preparation activities is one of the main purposes of relief organizations. However, the high degree of uncertainty associated with disasters impedes the work of aid agencies considerably. In this regard, two-stage stochastic programs are often used in the relevant literature to support decision making in these situations. An accelerated L-shaped method is proposed in this work, which solves realistic large-scale two-stage stochastic problems within a reasonable time-frame, allowing relief organizations to react to short-term forecasts, as e.g. available in case of hurricanes or floods. In particular, computation times needed for solving the resulting sub-problems via a specialized interior-point method are significantly reduced by exploiting the specific structure of second-stage constraints. To show the superiority of this approach with respect to solution times, a realistic large-scale case study is developed for America’s hurricane-prone south-east coast. The accelerated L-shaped method outperforms the standard L-shaped method significantly whereas a commercial solver failed to solve the case study within an acceptable time-frame.
URI: http://hdl.handle.net/11420/4855
ISSN: 1572-9338
Institute: Quantitative Unternehmensforschung und Wirtschaftsinformatik W-4 
Type: (wissenschaftlicher) Artikel
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