31 citations · 40 across the 3 of their papers we have counts for
3 papers
math.OC2019★ 1 cited
Risk Aversion to Parameter Uncertainty in Markov Decision Processes with an Application to Slow-Onset Disaster Relief
Merve Merakli, Simge Kucukyavuz
In classical Markov Decision Processes (MDPs), action costs and transition probabilities are assumed to be known, although an accurate estimation of these parameters is often not p…
math.OC2017★ 8 cited
Vector-Valued Multivariate Conditional Value-at-Risk
Merve Merakli, Simge Kucukyavuz
In this study, we propose a new definition of multivariate conditional value-at-risk (MCVaR) as a set of vectors for discrete probability spaces. We explore the properties of the v…
math.OC2017★ 31 cited
Two-stage Stochastic Programming under Multivariate Risk Constraints with an Application to Humanitarian Relief Network Design
Nilay Noyan, Merve Merakli, Simge Kucukyavuz
In this study, we consider two classes of multicriteria two-stage stochastic programs in finite probability spaces with multivariate risk constraints. The first-stage problem featu…