ScenarioMIP

ScenarioMIP (Scenario-based Multi-Scenario Mixed-Integer Programming) is a mathematical method used for planning and decision-making where uncertainty is involved. It models multiple possible future scenarios simultaneously, each with different parameters, allowing decision-makers to evaluate strategies that perform well across various outcomes. By optimizing decisions considering all these scenarios at once, ScenarioMIP helps identify solutions that are robust and adaptable to uncertainties, such as market fluctuations or supply chain disruptions. It’s a powerful tool for strategic planning, ensuring that decisions remain effective under different potential future conditions.