Application of Stochastic Programming Technique to Solve Interval Quadratic Programming Problem

In this paper we developed a methodology to solve interval quadratic programming problem (IQPP). In the proposed work we convert interval quadratic programming problem (IQPP) into a non-interval stochastic programming problem. We transform the interval valued objective function into function of random variables and corresponding equality/inequality interval valued constraints into stochastic constraints using Gaussian distribution and 6σ-rule. Using this transformation method we tried to develop a solution of native interval quadratic programming problem. The methodologies are illustrated with numerical examples. © 2021, The Author(s), under exclusive licence to Springer Nature India Private Limited part of Springer Nature.