Scenario Optimization

High Quality Content by WIKIPEDIA articles! The scenario approach or scenario optimization approach is a technique for obtaining solutions to robust optimization and chance-constrained optimization problems based on randomization of the constraints. The technique has existed for decades as a heuristic approach, but the field has been given a systematic theoretical foundation only recently thanks to some important achievements by Marco Campi, Giuseppe Calafiore, Simone Garatti and Maria Prandini.