Design for Flexibility: A Robust Optimization Approach

Flexibility is a critical feature of any industrial system as it tells us about the range of conditions under which the system can effectively and safely operate. It is becoming increasingly important as we face greater volatilities in market conditions, diverse customer needs, more stringent safety and environmental regulations, the growing use of resources with varying availability such as renewable energy, and an increased likelihood of disruptions caused by, for example, extreme weather... (ABSTRACT ABBREVIATED)