Question
Solve the risk-neutral model of SSLP using the data file on Moodle. Consider the following dis-utility function, f(x) = x, if x <
Solve the risk-neutral model of SSLP using the data file on Moodle.\ Consider the following dis-utility function,\ f(x) =\ \ \ x, if x < 0\ mx, otherwise\ for some real number m > 1. If a decision maker use this dis-utility function to make\ her decisions, is she risk-seeking, risk-neutral or risk-averse?\ Solve SSLP where the objective is to minimize the expected dis-utility by using the\ function in part (b) for m = 2, 3, 4, 5 and the data file on Moodle. For each m value,\ compare single scenario cost values in the optimal solution with single scenario cost\ values in part (a). Calculate mean and standard deviation of these cost values. Also,\ plot histogram and box-and-whisker charts for these cost values. Interpret your results
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