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. 2021 Dec 1;304(1):255–275. doi: 10.1016/j.ejor.2021.11.052

Table 11.

Comparison of objective value, expected impact, and expected risk under various risk-averseness levels.

Risk Weak Mild Strong
Neutral Risk-aversion Risk-aversion Risk-aversion
(ϕ=0, α=0.95) (ϕ=1, α=0.3) (ϕ=10, α=0.6) (ϕ=10, α=0.95)
Objective Value 358,030 721,710 3,997,129 4,011,964
Expected Impact 358,030 360,438 362,559 363,526
Expected Risk 421,827 361,272 363,457 364,844