Robust Decision Making (RDM) is an analytic framework developed by Robert Lempert and his collaborators at RAND Corporation that helps identify potential robust strategies for a particular problem, characterize the vulnerabilities of such strategies, and evaluate trade-offs among them. I will begin by defining MORDM (Multi-Objective Robust Decision Making), provide instructions for installing the software, and conclude with a case study. In this blog post, I will introduce a new open source library called OpenMORDM.
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