However, enforcing multivariate stochastic dominance constraints can often be overly conservative in practice. As an alternative, we focus on the widely applied risk measure conditional value-at-risk ...

Moreover, using the BH bounds we derive three new safe tractable approximations of chance constraints of increasing computational complexity and quality. In a numerical study, we demonstrate the ...

The advanced control implementation included multivariable controllers and optimizers in all the major process units in both refineries and a separate oil movements and blending optimization project.