# Adaptive robust optimization

Author: Woo Soo Choe (ChE 345 Spring 2015)

## Contents |

## Adaptive Robust Optimization

The objective of game theory is to analyze the relationship between decision-making situations in order to achieve a desirable outcome. The theory can be applied to a wide range of applications, including, but not limited to, economics, politics and even the biological sciences. In essence, game theory serves as means to create a model to represent certain scenarios that have a variety of variables and potential outcomes. With these models developed from game theory, one can determine if assumptions made for a certain scenario are valid or whether additional models should be created that could more accurately assess the current problem. Game theory can be broken into a variety of different "games," each analyzing different situations in which a decision is to be made by one player with other players potentially affecting the process.

### History

### Intorduction

## Background

## Conclusion

## References

1. "John Von Neumann." John Von Neumann Biography. N.p., n.d. Web. 25 May 2014.

2. M. J. Osborne, *An Introduction to Game Theory*, Oxford University Press, 2004.

3. R. J. Vanderbei, *Linear Programming: Foundations and Extensions*, Springer, 2008.

4. S. Tadelis, *Game Theory: an Introduction*, Princeton University Press, 2013.