In this work, we discuss the effect of risk measure selection in the determination of inventory policies. We consider an inventory system characterized by the loss function of Luciano et al. [2003. VaR as a risk measure for multi-period static inventory models. International Journal of...

In this work, we introduce a new method for the sensitivity analysis of model output in the presence of finite changes in one or more of the exogenous variables. We define sensitivity measures that do not rest on differentiability. We relate the sensitivity measures to classical differential and...

Risk achievement worth is one of the most widely utilized importance measures. RAW is defined as the ratio of the risk metric value attained when a component has failed over the base case value of the risk metric. Traditionally, both the numerator and denominator are point estimates. Relevant...