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The objective of the manager is to minimize the maximum expected loss of the portfolio subject to a given consulting budget constraint.
To achieve a balance between optimality and robustness, a minimax method is proposed which minimizes the maximum expected loss from misclassification.
Value at risk (VAR) as a statistical criterion defines the maximum expected loss of keeping assets in definite period and at definite confidence level.
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Does not value expected loss.
Total expected loss-cost per hour ($h−11).
Expected loss-cost per hour ($h−11).
maximum expected SINR combiner.
Maximum expected sales quantity of buyer j.
A cooling device should be designed for its maximum anticipated cooling duty (i.e., maximum expected gas flow and maximum expected gas temperature drop).
First, we describe the procedure of determining maximum expected profit.
The maximum expected utility is reached when we set (12).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com