Maximizing Minimum Profit while Minimizing Maximum Regret
Blog: For Practitioners by Practitioners!
Dr. Meinolf Sellman shared a decision problem that deals with planning crop growth without knowing the weather. His solution is based on the proprietary multi-objective optimization that helps to find a rational compromise between maximizing the minimum profit and minimizing the maximum regret. Meinolf presented a related approach during his DecisionCAMP-2025 presentation. Link
