@article{1054.90053, author="Hinterm\"uller, Michael", title="{A proximal bundle method based on approximate subgradients.}", language="English", journal="Comput. Optim. Appl. ", volume="20", number="3", pages="245-266", year="2001", doi={10.1023/A:1011259017643}, abstract="{Summary: A proximal bundle method is introduced that is capable to deal with approximate subgradients. No further knowledge of the approximation quality (like explicit knowledge or controllability of error bounds) is required for proving convergence. It is shown that every accumulation point of the sequence of iterates generated by the proposed algorithm is a well-defined approximate solution of the exact minimization problem. In the case of exact subgradients the algorithm behaves like well-established proximal bundle methods. Numerical tests emphasize the theoretical findings.}", keywords="{approximate subgradient; convex programming; nonsmooth optimization; proximal bundle method}", classmath="{*90C25 (Convex programming) 49J52 (Nonsmooth analysis (other weak concepts of optimality)) }", }