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Approximating and Relaxing Optimization Problems

Gonzalo E. Constante-Flores and Antonio J. Conejo
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Gonzalo E. Constante-Flores: Purdue University
Antonio J. Conejo: The Ohio State University

Chapter Chapter 3 in Optimization via Relaxation and Decomposition, 2025, pp 45-72 from Springer

Abstract: Abstract This chapter describes how to simplify optimization problems by approximation and relaxation. Approximations include linearizations, convexifications, and problem-dependent simplifications. Relaxations are approximations that enlarge, not shrink, the feasibility region. We also explain how to generate an upper bound and a lower bound of the optimal value of the objective function of an optimization problem. Since approximations and relaxations are very much problem-dependent, we use a complex nonlinear and nonconvex but specific optimization problem to illustrate approximations via linearization, convexification, and others.

Keywords: Approximating optimization problems; Linearization; Convexification (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-031-87405-5_3

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DOI: 10.1007/978-3-031-87405-5_3

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