Purpose The purpose of this paper is to develop a mathematical model for the design of robust layout for unequal area-dynamic facility layout problem with flexible bay structure (UA-DFLP with FBS) and test the suitability of generated robust layout in a dynamic environment....

A risk management strategy is proposed as being robust to the Global Financial Crisis (GFC) by selecting a Value-at-Risk (VaR) forecast that combines the forecasts of different VaR models. The robust forecast is based on the median of the point VaR forecasts of a set of conditional volatility...