EURO working group on Stochastic Optimization

NameEURO working group on Stochastic Optimization
AnnouncementEWGSO plans for 2017:

In 2017 we’ll organise, support and promote the following events:

- PhD Winter school 2017 on Stochastic programming with applications in
energy, logistics and finance
, January 15-21, 2017, Passo del Tonale, Italy, organized by Francesca Maggioni and Asgeir Tomasgard.

- 14th International Conference on Computational Management Science, 29th May - 1st June, 2017. Bergamo, Italy, organised by the colleagues of the University of Bergamo, in cooperation with the EWG on Commodity and Financial Modeling. EWGSO will support the Best student paper prize.

- 2nd European Conference on Stochastic Optimization, September 20-22, 2017, Rome, Italy, organized by Carlo Meloni.

BoardGiorgio Consigli, University of Bergamo, Italy;
Laureano F. Escudero, University of Rey Juan Carlos, Spain;
Csaba Fabian, Kecskemet College, Hungary;
Milos Kopa, Charles University in Prague, Czech Republic;
Francesca Maggioni, University of Bergamo, Italy;
Georg Pflug, University of Vienna, Austria;
Ruediger Schultz, University of Duisburg-Essen, Germany;
Asgeir Tomasgard, NTNU, Norway;
Stein W. Wallace, Norwegian school of economics, Norway;

The following Officers were elected by the MB, and appointed with its approval:

Milos Kopa, Charles University in Prague, Czech Republic;

Francesca Maggioni, University of Bergamo, Italy;

Giorgio Consigli, University of Bergamo, Italy;

Giorgio Consigli, University of Bergamo, Italy;
Csaba Fabian, Kecskemet College, Hungary;
Milos Kopa, Charles University in Prague, Czech Republic;

Website editor:
Vittorio Moriggia, University of Bergamo, Italy;

Virginijus Marcinkevicius, VU Inst. of Math. and Informatics, Lithuania;
Coordinator Giorgio Consigli
University of Bergamo
Mathematics, Statistics and Computer Sciences
Via dei Caniana 2
24127 Bergamo
Phone: +39 035 2052685
Fax: +39 36 3357373585
Coordinator Csaba Fabian
Kecskemet College
10 Izsaki ut
H-6000 Kecskemet
Phone: +36 76 516459
Fax: +36 76 516399
Coordinator Milos Kopa
Charles University in Prague, Faculty of Mathematics and Physics
Department of Probability and Mathematical Statistics
Sokolovská 83
CZ 186 75 Prague
Czech Republic
Phone: 00420774628876
Webmaster Vittorio Moriggia
University of Bergamo
Management, Economics and Quantitative Methods
via dei Caniana, 2
24127 Bergamo BG
Phone: +39-035-205-2558
Fax: +39-035-205-2549
Purpose and historyMotivation

Stochastic optimization (SO) is an active research area having important real-world applications, and close links with other branches of Operational Research. SO research focuses on the formulation and solution of stochastic optimization problems, i.e., optimization problems whose parameters are random variables. The fact that every strategic decision is made in the presence of uncertainty is a clear evidence for the practical importance of SO. Important fields of application are energy and water management, and finance. Emerging ones are healthcare, agriculture and sustainable development.
Characteristic examples are: production and distribution system design; financial portfolio restructuring; hydrothermal electric generation planning; oil, hydrocarbon and chemical supplying; transformation and distribution logistics; strategic and tactical production planning; sequencing and scheduling; strategic & tactical supply chain management; revenue management; production planning dimensioning and location; plant location & sizing in strategic supply chain management; road construction selection in forestry harvesting planning; design of connected rapid transit networks; tactical portfolio planning in the natural gas supply chain; prison facility site selection under uncertainty; air traffic flow management planning; flight routes selection; cluster location in multi-period copper extraction planning in mining; multiperiod location-assignment; energy generation capacity expansion planning and sources location for a price taker; financial branches restructuring and delocation; humanitarian logistics under exogenous & endogenous uncertainty; antiterrorism defence under exogenous & endogenous uncertainty; and many others.


The creation of the EURO Working Group was initiated during the Special Workshop “Stochastic Programming for Implementation and Advanced Applications” (STOPROG-2012), held in July 2012, in Neringa, Lithuania. The Workshop was organized under the auspices of the Stochastic programming Community and EURO, as a satellite event of the EURO XXV conference. Participants of STOPROG-2012 approved the creation of the EWG on Stochastic Programming.
Informal discussion about the purposes, activities and creation of the new EWG continued among the European SP Community.
A special meeting of the Committee on Stochastic Programming (COSP) was held during the 21st International Symposium on Mathematical Programming (ISMP), in August 2012, Berlin. Here COSP agreed to collaborate with EWGSP, and to coordinate activities with those of the new EWG.
The creation of the EURO Working Group on Stochastic Programming was approved by the EURO Executive Committee in February 2013. In December 2016, the group was renamed to EURO working group on Stochastic Optimization (SO).


The purpose of this EURO Working Group is to strengthen the collaboration within the European SO community in order to advance SO research, education, and applications. We intend to collaborate with related EURO Working Groups, and to coordinate our activities with those of the European national OR Societies. Moreover we intend to collaborate with COSP on a mutual basis, in promoting the development and application of SO theory, models, methods, analysis, software tools and standards, and encouraging the exchange of information among practitioners and scholars.

Our main objectives are

- to promote and support the organization of SO related conferences (workshops), or streams at large conferences, as EURO, INFORMS, IFORS meetings;

- to organize and support SO related workshops (spring/summer/autumn/winter schools) for young scientists and PhD students;

- to promote and support special issues of OR journals focused on SO theory, models, methods, analysis, software tools, and applications, with a special emphasis on EJOR and the three newly launched EURO journals;

- to organize EWGSO annual meetings;

- to interact with other EWGs.

MembersPresently EWGSO has more than 200 members.

The list of EWGSO members.

Past activitiesIn 2016, EWGSO promoted and supported the following events:

- International Conference on Computational Management Science, 31st May - 2nd June, 2016. Salamanca (Spain). Jointly organised by Universidad Rey Juan Carlos and EWGSP. Chair of Organising Committee: Antonio Alonso Ayuso.

- XIV International Conference on Stochastic Programming. June 25 - July 1, 2016. Búzios (Brazil). EWGSO supported the best student paper award at the conference.

Our 4nd annual meeting was held in May 2016, in Salamanca, at the 13th International Conference on Computational Management Science.

In 2016, the following special issues and clusters edited by members of EWGSO were published:

- EJOR Feature Cluster on Stochastic Optimization, Volume 249, Issue 1 (edited by Georg Pflug and Ruediger Schultz)

- Quantitative Finance Special Issue on Stochastic Optimization Approaches to Financial and Energy Markets, Volume 16, Issue 2 (edited by Giorgio Consigli and Yves Smeers)

Moreover, three new special issues were initiated:

- CMS journal - special issue from CMS 2016 conference (edited by Francesca
Maggioni and Antonio Alonso Ayuso)

- CMS journal - special issue on Data-Driven Management Science(edited by
Giorgio Consigli and Anton Kleywegt)

- Mathematical Programming B - special issue on stochastic programming
(edited by David Morton, Tito Homem-de-Mello and Milos Kopa)

In 2015, EWGSO promoted and supported the following events, in cooperation with the SP Community and COSP:

- PhD Winter School on Energy systems and markets, Kvitfjell, Norway, March 22-28, 2015. Organizers: Stein-Erik Fleten, Asgeir Tomasgard, Mette Bjørndal, Leif Sandal.

- CMS 2015, 12th International Conference on Computational Management Science. May 27-29, 2015. Prague, Charles University. Chair of Organizing Committee: Milos Kopa.

- Workshop on Optimization under uncertainty in Agriculture and Agrifood Industry. University of Lleida, Spain. July 27-29, 2015. Jointly organised by the EURO Working Group on Operations Research in Agriculture and Forest Management (EWGORAFM), the EURO working Group on Stochastic Programming (EWGSP), and the EURO Working Group on Sustainable Supply Chains (EWGSSC). Organizing Committee: Leonidas Sakalauskas, Lluis Miquel Pla Aragones and Ruth Carrasco-Gallego.

- OR 2015, International Conference of the German-speaking OR Societies: Optimal decisions and big data. Vienna, Austria. 1-4 September. Organizing committee headed by Georg Pflug, Ruediger Schultz and Daniel Kuhn.

We promoted a Stochastic Optimization stream at EURO XXVII, Glasgow July 12-15, 2015. Organized by Giorgio Consigli, Leonidas Sakalauskas and Abdel Lisser.

Our 3nd annual meeting was held in May 2015, in Prague, at the 12th International Conference on Computational Management Science.

EWGSO was involved in special issues and clusters of leading journals, our members served as guest editors:

- Quantitative Finance, on stochastic optimization approaches to financial and energy markets. Guest Editors: Giorgio Consigli and Yves Smeers.

- IMA Journal of Management Mathematics, on SP applications and computational methods. Guest Editors: Patrizia Beraldi, Vittorio Moriggia and AsgeirTomasgard.

- Computational Management Science, on computational aspects of SP. Guest Editors: Marida Bertocchi, Csaba Fábián and Milos Kopa. Special cluster published in Volume 12, Issue 2, April 2015.

- Computational Management Science, on SP and robust optimization. Guest Editors: Milos Kopa and Wolfram Wiesemann.

In 2014, EWGSP promoted and supported the following events, in cooperation with the SP Community and COSP:

- Winter School on Stochastic Programming with applications in Energy, Finance and Insurance to be held on March 23-28, Austria, organized by Asgeir Tomasgard and Georg Pflug.

- Stream on stochastic models for service operations at the 20th Conference of the International Federation of Operational Research Societies (IFORS) to be held on July 13-18, in Barcelona, organized by Francesca Maggioni.

- The EURO Mini Conference on Stochastic Programming and Energy Applications (ESPC-2014) to be held on September 24-26, in Paris, organized by Abdel Lisser.

In 2013, EWGSP promoted the following events, in cooperation with the SP Community and COSP:

- PhD Winter School on SP with applications in energy and natural resources, held in Tignes, France (in 7-13 April).

- SP related streams at the EURO XXVI – INFORMS Joint International Conference held in Rome (in 1-4 July).

- The 13th International Conference on Stochastic Programming (ICSP) held in Bergamo (in 8-12 July). EWGSP contributed to the Student Prizes awarded at the ICSP 2013.

In 2013, EWGSP created its own webpage at with online registration for members.

EWGSP initiated a featured cluster in the European Journal of Operational Research (EJOR), focused on special topics of Stochastic Optimization. The initiative was accepted by EJOR Editorial Board. Guest Editors are Georg Pflug and Rüdiger Schultz.

The first EWGSP annual meeting was organized at the ICSP conference.
Last modification2016-12-20

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