Poznan University of Technology invites students to a lecture of Prof. Terry Rockafellar – one of the leading scientists in the field of optimization theory and mathematical analysis and combinatorics. The lecture is scheduled for May 10 and concerns the optimization of decisions under conditions of uncertainty.

In case when the uncertainty of future events is described using probabilistic models, we are dealing with stochastic optimization. A frequent criterion for making decisions is to keep the risk below a certain level. To this end, the so-called “Risk measures” including new so called buffered failure probability. This allows for a more intuitive description of the situation and requires less complicated calculations – explain the organizers of the lecture.

R. Tyrrell Rockafellar graduated from Harvard University (1963). His scientific interests include stochastic programming, optimal control in economics, finance and engineering applications.
More information about the lecturer: https://sites.math.washington.edu/~rtr/mypage.html