Sequential Optimization

Instant Premiere on Youtube:

You have heard the claims:
- We cannot quantify the uncertainty in our forecasts, so it is best to ignore it.
- Stochastic optimization is too complicated.
- Deterministic optimization works just as well.

In this video, we look at 6 sequential optimization problems and compare deterministic look-ahead with stochastic look-ahead models.

And we debunk once and for all the lies you have been told about the value and costs of stochastic optimization.