Troutt, Marvin D.; Pang, Wan-Kai; Hou, Shui-Hung - In: Management Science 52 (2006) 3, pp. 422-434
We propose a parameter estimation method based on what we call the minimum decisional regret principle. We focus on mathematical programming models with objective functions that depend linearly on costs or other parameters. The approach is illustrated for cost estimation in production planning...