For some insertion-type heuristics for the traveling salesman problem, we have a fixed worst-case error bound of the form:
$$\frac{z^H}{z^*} \le \eta,$$
where $z^H$ is the objective value of the solution returned by the heuristic for a given instance, $z^*$ is the optimal objective value for that instance, and $\eta$ is a constant, for symmetric instances satisfying the triangle inequality.
For example, nearest-insertion has a fixed worst-case bound of $\eta=2$, while nearest-neighbor provably has no fixed worst-case bound1.
As far as I know, farthest insertion has no fixed worst-case bound, nor has it been proven that no such bound exists. Is this still true, or is there a more recent proof?
Reference
1 D. J. Rosenkrantz, R. E. Stearns, and P. M. Lewis II. An analysis of several heuristics for the traveling salesman problem. SIAM Journal on Computing, 6(3):563–581, 1977.