obtain information on the copula (dependence structure). Therefore copula models used in practice are quite often only rough … robust with respect to (at least small) deviations in the copula. In this article, a general concept of copula robustness is … introduced and criteria for copula robustness are presented. These criteria are illustrated by means of several examples from …

, where both output price and production cost are stochastic processes, and add a novel focus on how the correlation between … correlation between the processes, as it seeks a greater profitability variance which maximizes its value. …