Stability and Robustness: Reliability in the World of Uncertainty

ConclusionsThere is no unique understanding of robustness.There are several approaches, each of them hasown advantages and disadvantages.Which one to choose for a particular problemis a very difficult question which has to be solved bythe decision maker based on his\her preferences,expectations and managing experience!The material for this presentation ic compiled from several different sources:•Mustafa Pinar „Recent Developments in Robust Optimization“•Papers by Dimitras Betsimas et al. , Yaman et al. and Montemanni et al.16/04/2009 Yury Nikulin, Sensitivity analysis 37