Modeling and optimization of risk

P Krokhmal, M Zabarankin, S Uryasev - Surveys in operations research and …, 2011‏ - Elsevier
This paper surveys the most recent advances in the context of decision making under
uncertainty, with an emphasis on the modeling of risk-averse preferences using the …

Uncertainty quantification in machining deformation based on Bayesian network

X Li, Y Yang, L Li, G Zhao, N He - Reliability Engineering & System Safety, 2020‏ - Elsevier
Uncertainty quantification in the analysis of machining systems is of great importance for
continuously improving product quality, reliability, and efficiency of manufacturing …

Diversification-consistent data envelopment analysis with general deviation measures

M Branda - European Journal of Operational Research, 2013‏ - Elsevier
We propose new efficiency tests which are based on traditional DEA models and take into
account portfolio diversification. The goal is to identify the investment opportunities that …

[HTML][HTML] Parametric measures of variability induced by risk measures

F Bellini, T Fadina, R Wang, Y Wei - Insurance: Mathematics and …, 2022‏ - Elsevier
We present a general framework for a comparative theory of variability measures, with a
particular focus on the recently introduced one-parameter families of inter-Expected Shortfall …

How risky is the optimal portfolio which maximizes the Sharpe ratio?

T Bodnar, T Zabolotskyy - AStA Advances in Statistical Analysis, 2017‏ - Springer
In this paper, we investigate the properties of the optimal portfolio in the sense of maximizing
the Sharpe ratio (SR) and develop a procedure for the calculation of the risk of this portfolio …

Statistical decision problems

M Zabarankin, S Uryasev - AMC, 2014‏ - Springer
In an abstract form, statistical decision making is an optimization problem that uses available
statistical data as an input and optimizes an objective function of interest with respect to …

[HTML][HTML] Tight tail probability bounds for distribution-free decision making

E Roos, R Brekelmans, W Van Eekelen… - European Journal of …, 2022‏ - Elsevier
Chebyshev's inequality provides an upper bound on the tail probability of a random variable
based on its mean and variance. While tight, the inequality has been criticized for only being …

Stochastic optimization of sensor placement for diver detection

A Molyboha, M Zabarankin - Operations research, 2012‏ - pubsonline.informs.org
A comprehensive framework for diver detection by a hydrophone network in an urban harbor
is presented. It includes a signal processing algorithm and a diver detection test and …

Sensitivity analysis in applications with deviation, risk, regret, and error measures

B Grechuk, M Zabarankin - SIAM Journal on Optimization, 2017‏ - SIAM
The envelope formula is obtained for optimization problems with positively homogeneous
convex functionals defined on a space of random variables. Those problems include linear …

Calculating exceedance probabilities using a distributionally robust method

F Faridafshin, B Grechuk, A Naess - Structural Safety, 2017‏ - Elsevier
Calculation of exceedance probabilities or the inverse problem of finding the level
corresponding to a given exceedance probability occurs in many practical applications. For …