<p><span style="font-size: 11.000000pt; font-family: 'CMR10';">For various reasons, the underlying probability measure in stochastic pro- gramming models must be frequently substituted by a suitable approximation. This in turn requires to investigate stability of solutions of these models with respect to the prob- ability measure. This paper is devoted to a...</span></p>

<p><span style="font-size: 11.000000pt; font-family: 'CMR10';">We shall survey and classify various ways of approximation of the true probability distribution by a discrete distribution concentrated in a finite number of atoms, called scenarios, which occur with preassigned probabilities. Resistance of the numerical results with respect to the choice of...</span></p>

Investments recommendations that result from scenario-based bond portfolio management models depend on the input scenarios which can be obtained in many different ways. Various aspects which influence the choice of representative scenarios for bond portfolio management, e.g., the sources of...