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The theory of convex risk functions has now been well established as the basis for identifying the families of risk functions that should be used in risk averse optimization problems. Despite its theoretical appeal, the implementation of a…

Optimization and Control · Mathematics 2022-07-20 Jonathan Yu-Meng Li

In this paper, we provide a sub-gradient based algorithm to solve general constrained convex optimization without taking projections onto the domain set. The well studied Frank-Wolfe type algorithms also avoid projections. However, they are…

Optimization and Control · Mathematics 2023-06-16 Kamiar Asgari , Michael J. Neely

Action-constrained reinforcement learning (RL) is a widely-used approach in various real-world applications, such as scheduling in networked systems with resource constraints and control of a robot with kinematic constraints. While the…

Machine Learning · Computer Science 2021-08-03 Jyun-Li Lin , Wei Hung , Shang-Hsuan Yang , Ping-Chun Hsieh , Xi Liu

Projection-free optimization via different variants of the Frank-Wolfe (FW), a.k.a. Conditional Gradient method has become one of the cornerstones in optimization for machine learning since in many cases the linear minimization oracle is…

Optimization and Control · Mathematics 2020-06-30 Pavel Dvurechensky , Petr Ostroukhov , Kamil Safin , Shimrit Shtern , Mathias Staudigl

MINLO (mixed-integer nonlinear optimization) formulations of the disjunction between the origin and a polytope via a binary indicator variable have broad applicability in nonlinear combinatorial optimization, for modeling a fixed cost $c$…

Optimization and Control · Mathematics 2023-02-07 Luze Xu , Jon Lee

Frank-Wolfe algorithm (FW) and its variants have gained a surge of interests in machine learning community due to its projection-free property. Recently people have reduced the gradient evaluation complexity of FW algorithm to…

Machine Learning · Statistics 2018-05-22 Yan Li , Chao Qu , Huan Xu

We propose a stochastic approximation method for approximating the efficient frontier of chance-constrained nonlinear programs. Our approach is based on a bi-objective viewpoint of chance-constrained programs that seeks solutions on the…

Optimization and Control · Mathematics 2020-05-29 Rohit Kannan , James Luedtke

We give a simple and natural method for computing approximately optimal solutions for minimizing a convex function $f$ over a convex set $K$ given by a separation oracle. Our method utilizes the Frank--Wolfe algorithm over the cone of valid…

Optimization and Control · Mathematics 2022-03-14 Daniel Dadush , Christopher Hojny , Sophie Huiberts , Stefan Weltge

In recent years it was proved that simple modifications of the classical Frank-Wolfe algorithm (aka conditional gradient algorithm) for smooth convex minimization over convex and compact polytopes, converge with linear rate, assuming the…

Optimization and Control · Mathematics 2021-01-08 Dan Garber

Markowitz mean-variance portfolios with sample mean and covariance as input parameters feature numerous issues in practice. They perform poorly out of sample due to estimation error, they experience extreme weights together with high…

Econometrics · Economics 2022-12-29 Wolfgang Karl Härdle , Yegor Klochkov , Alla Petukhina , Nikita Zhivotovskiy

This paper studies a mean-risk portfolio choice problem for log-returns in a continuous-time, complete market. This is a growth-optimal problem with risk control. The risk of log-returns is measured by weighted Value-at-Risk (WVaR), which…

Risk Management · Quantitative Finance 2021-12-30 Pengyu Wei , Zuo Quan Xu

Domain knowledge is useful to improve the generalization performance of learning machines. Sign constraints are a handy representation to combine domain knowledge with learning machine. In this paper, we consider constraining the signs of…

Machine Learning · Computer Science 2022-10-12 Kenya Tajima , Takahiko Henmi , Kohei Tsuchida , Esmeraldo Ronnie R. Zara , Tsuyoshi Kato

Dynamic optimization of mean and variance in Markov decision processes (MDPs) is a long-standing challenge caused by the failure of dynamic programming. In this paper, we propose a new approach to find the globally optimal policy for…

Optimization and Control · Mathematics 2023-02-28 Li Xia , Shuai Ma

Frank-Wolfe methods are popular for optimization over a polytope. One of the reasons is because they do not need projection onto the polytope but only linear optimization over it. To understand its complexity, Lacoste-Julien and Jaggi…

Data Structures and Algorithms · Computer Science 2020-11-26 Luis Rademacher , Chang Shu

We consider the mean--variance portfolio optimization problem under the game theoretic framework and without risk-free assets. The problem is solved semi-explicitly by applying the extended Hamilton--Jacobi--Bellman equation. Although the…

Portfolio Management · Quantitative Finance 2016-02-17 Chi Kin Lam , Yuhong Xu , Guosheng Yin

Nonconvex optimization refers to the process of solving problems whose objective or constraints are nonconvex. Historically, this type of problems have been very difficult to solve to global optimality, with traditional solvers often…

Optimization and Control · Mathematics 2025-08-12 Dimitris Bertsimas , Danique de Moor , Thodoris Koukouvinos , Demetrios Kriezis

This paper studies the mean-variance optimal portfolio choice of an investor pre-committed to a deterministic investment policy in continuous time in a market with mean-reversion in the risk-free rate and the equity risk-premium. In the…

Mathematical Finance · Quantitative Finance 2024-03-07 Michael Preisel

We study Frank-Wolfe algorithms - standard, pairwise, and away-steps - for efficient optimization of Dominant Set Clustering. We present a unified and computationally efficient framework to employ the different variants of Frank-Wolfe…

Machine Learning · Computer Science 2022-12-06 Carl Johnell , Morteza Haghir Chehreghani

We explore computational aspects of maximum likelihood estimation of the mixture proportions of a nonparametric finite mixture model -- a convex optimization problem with old roots in statistics and a key member of the modern data analysis…

Computation · Statistics 2023-12-11 Haoyue Wang , Shibal Ibrahim , Rahul Mazumder

Maximizing a DR-submodular function subject to a general convex set is an NP-hard problem arising from many applications in combinatorial optimization and machine learning. While it is highly desirable to design efficient approximation…

Data Structures and Algorithms · Computer Science 2022-03-29 Donglei Du , Zhicheng Liu , Chenchen Wu , Dachuan Xu , Yang Zhou
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