Risk Analysis 101: fooled by local robustness … again!

  • Moshe Sniedovich
    • Categories Robust Optimization Tags , , , , , Short URL: https://optimization-online.org/?p=12168

    This article explains, again, why radius of stability models, such as info-gap's robustness model, are models of local robustness and why they are therefore unsuitable for the treatment of severe uncertainty.

    Citation

    Working Paper SM-12-2, Department of Mathematics and Statistics, The University of Melbourne, Melbourne, Victoria, Australia.

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