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We extend the classical mean-variance (MV) framework and propose a robust and sparse portfolio selection model incorporating an ellipsoidal uncertainty set to reduce the impact of estimation errors and fixed transaction costs to penalize…

Portfolio Management · Quantitative Finance 2024-12-30 J. Chen , S. D. Ahipaşaoğlu , N. Zhang , Y. Yang

Multi-category support vector machine (MC-SVM) is one of the most popular machine learning algorithms. There are lots of variants of MC-SVM, although different optimization algorithms were developed for different learning machines. In this…

Machine Learning · Computer Science 2021-11-10 Kenya Tajima , Yoshihiro Hirohashi , Esmeraldo Ronnie Rey Zara , Tsuyoshi Kato

This work attempts to combine the strengths of two major technologies that have matured over the last three decades: global mixed-integer nonlinear optimization and branch-and-price. We consider a class of generally nonconvex mixed-integer…

Optimization and Control · Mathematics 2020-01-08 Andrew Allman , Qi Zhang

We introduce a new projection-free (Frank-Wolfe) method for optimizing structured nonconvex functions that are expressed as a difference of two convex functions. This problem class subsumes smooth nonconvex minimization, positioning our…

Optimization and Control · Mathematics 2025-12-01 Hoomaan Maskan , Yikun Hou , Suvrit Sra , Alp Yurtsever

In the paper, we propose a class of accelerated stochastic gradient-free and projection-free (a.k.a., zeroth-order Frank-Wolfe) methods to solve the constrained stochastic and finite-sum nonconvex optimization. Specifically, we propose an…

Optimization and Control · Mathematics 2020-08-11 Feihu Huang , Lue Tao , Songcan Chen

We investigate the robustness of the Frank-Wolfe method when gradients are computed inexactly and examine the relative computational cost of the linear minimization oracle (LMO) versus projection. For smooth nonconvex functions, we…

Optimization and Control · Mathematics 2026-01-27 Tao Hu

This paper studies the risk-averse mean-variance optimization in infinite-horizon discounted Markov decision processes (MDPs). The involved variance metric concerns reward variability during the whole process, and future deviations are…

Optimization and Control · Mathematics 2022-01-19 Shuai Ma , Xiaoteng Ma , Li Xia

Deep neural networks is today one of the most popular choices in classification, regression and function approximation. However, the training of such deep networks is far from trivial as there are often millions of parameters to tune.…

Machine Learning · Computer Science 2020-06-09 Jakob Stigenberg

How can we efficiently mitigate the overhead of gradient communications in distributed optimization? This problem is at the heart of training scalable machine learning models and has been mainly studied in the unconstrained setting. In this…

Machine Learning · Computer Science 2019-06-03 Mingrui Zhang , Lin Chen , Aryan Mokhtari , Hamed Hassani , Amin Karbasi

Choosing a portfolio of risky assets over time that maximizes the expected return at the same time as it minimizes portfolio risk is a classical problem in Mathematical Finance and is referred to as the dynamic Markowitz problem (when the…

Mathematical Finance · Quantitative Finance 2020-01-20 Gabriela Kováčová , Birgit Rudloff

This article focuses on a class of distributionally robust optimization (DRO) problems where, unlike the growing body of the literature, the objective function is potentially nonlinear in the distribution. Existing methods to optimize…

Machine Learning · Statistics 2024-11-07 Mohammed Rayyan Sheriff , Peyman Mohajerin Esfahani

We analyze two novel randomized variants of the Frank-Wolfe (FW) or conditional gradient algorithm. While classical FW algorithms require solving a linear minimization problem over the domain at each iteration, the proposed method only…

Optimization and Control · Mathematics 2018-03-21 Thomas Kerdreux , Fabian Pedregosa , Alexandre d'Aspremont

Recovering matrices from compressive and grossly corrupted observations is a fundamental problem in robust statistics, with rich applications in computer vision and machine learning. In theory, under certain conditions, this problem can be…

Optimization and Control · Mathematics 2017-05-31 Cun Mu , Yuqian Zhang , John Wright , Donald Goldfarb

Projection-free optimization via different variants of the Frank-Wolfe (FW) method has become one of the cornerstones in large scale optimization for machine learning and computational statistics. Numerous applications within these fields…

Optimization and Control · Mathematics 2021-08-03 Pavel Dvurechensky , Kamil Safin , Shimrit Shtern , Mathias Staudigl

We develop a efficient, easy-to-implement, and strictly monotone numerical integration method for Mean-Variance (MV) portfolio optimization in realistic contexts, which involve jump-diffusion dynamics of the underlying controlled processes,…

Computational Finance · Quantitative Finance 2023-09-13 Hanwen Zhang , Duy-Minh Dang

Portfolio optimization methods have evolved significantly since Markowitz introduced the mean-variance framework in 1952. While the theoretical appeal of this approach is undeniable, its practical implementation poses important challenges,…

Portfolio Management · Quantitative Finance 2024-05-28 Adil Rengim Cetingoz , Olivier Guéant

In this paper, we consider non-convex optimization problems under \textit{unknown} yet safety-critical constraints. Such problems naturally arise in a variety of domains including robotics, manufacturing, and medical procedures, where it is…

Machine Learning · Computer Science 2020-06-25 Mohammad Fereydounian , Zebang Shen , Aryan Mokhtari , Amin Karbasi , Hamed Hassani

We propose the pivoting meta algorithm (PM) to enhance optimization algorithms that generate iterates as convex combinations of vertices of a feasible region $C\subseteq \mathbb{R}^n$, including Frank-Wolfe (FW) variants. PM guarantees that…

Optimization and Control · Mathematics 2025-08-06 Elias Wirth , Mathieu Besançon , Sebastian Pokutta

The Frank-Wolfe optimization algorithm has recently regained popularity for machine learning applications due to its projection-free property and its ability to handle structured constraints. However, in the stochastic learning setting, it…

Machine Learning · Computer Science 2017-09-15 Elad Hazan , Haipeng Luo

The paper introduces a new adaptive version of the Frank-Wolfe algorithm for relatively smooth convex functions. It is proposed to use the Bregman divergence other than half the square of the Euclidean norm in the formula for step-size.…

Optimization and Control · Mathematics 2024-07-23 Alexander Vyguzov , Fedor Stonyakin
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