There are extensive studies on the allocation problems in the field of insurance and finance. We observe that these studies, although involving different methodologies, share some inherent commonalities. In this paper, we develop a new framework for these studies with the tool of arrangement...

This paper addresses the robust counterparts of optimization problems containing sums of maxima of linear functions and proposes several reformulations. These problems include many practical problems, e.g. problems with sums of absolute values, and arise when taking the robust counterpart of a...

An inequality for a normalised isotonic linear functional of Grüss type and particular cases for integrals and norms are established. Applications in obtaining a counterpart for the Cauchy-Buniakowski-Schwartz inequality for functionals and Jessen's inequality for convex functions are also given