Optimal Path Problems with Second-Order Stochastic Dominance Constraints

Yu Marco Nie, Xing Wu, Tito Homem-de-Mello

Resultado de la investigación: Contribución a una revistaArtículorevisión exhaustiva

41 Citas (Scopus)

Resumen

This paper studies optimal path problems integrated with the concept of second order stochastic dominance. These problems arise from applications where travelers are concerned with the trade off between the risks associated with random travel time and other travel costs. Risk-averse behavior is embedded by requiring the random travel times on the optimal paths to stochastically dominate that on a benchmark path in the second order. A general linear operating cost is introduced to combine link- and path-based costs. The latter, which is the focus of the paper, is employed to address schedule costs pertinent to late and early arrival. An equivalent integer program to the problem is constructed by transforming the stochastic dominance constraint into a finite number of linear constraints. The problem is solved using both off-the-shelf solvers and specialized algorithms based on dynamic programming (DP). Although neither approach ensures satisfactory performance for general large-scale problems, the numerical experiments indicate that the DP-based approach provides a computationally feasible option to solve medium-size instances (networks with several thousand links) when correlations among random link travel times can be ignored.

Idioma originalInglés
Páginas (desde-hasta)561-587
Número de páginas27
PublicaciónNetworks and Spatial Economics
Volumen12
N.º4
DOI
EstadoPublicada - dic. 2012
Publicado de forma externa

Huella

Profundice en los temas de investigación de 'Optimal Path Problems with Second-Order Stochastic Dominance Constraints'. En conjunto forman una huella única.

Citar esto