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This article presents a robust optimization formulation for dealing with raw materials price uncertainty in an oligopolistic competition market scenario. Participants in the market face equilibrium selling price and uncertain production cost, at the same time. We show that the robust optimization formulation, based on a nominal problem, may be articulated as a variational inequality involving control...
This article presents a robust optimization formulation for dealing with production cost and government price uncertainty in a kind of quasi-public goods market scenario. Participants in the market face price administrated by government but uncertain production costs, at the same time. We show that the robust optimization formulation, based on a nominal problem, may be articulated as a variational...
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