DFT, L(S)DA, LDA+U, LDA+DMFT..., whether we do approach to a proper description of optical response for strongly correlated systems?
A.S. Moskvin

TL;DR
This paper critically reviews various ab initio DFT-based methods for accurately describing the electronic structure and optical properties of strongly correlated 3d oxides, highlighting their limitations and comparing them with traditional cluster models.
Contribution
It provides a comprehensive comparison of DFT, L(S)DA, LDA+U, and LDA+DMFT approaches for strongly correlated systems, emphasizing their strengths and weaknesses.
Findings
Standard LDA predicts NiO as a metal, contrary to its insulating nature.
Cluster models better capture crystal-field and charge transfer transitions.
DFT-based methods face challenges in accurately describing strongly correlated materials.
Abstract
I present a critical overview of so-called "{\it ab initio}" DFT (density fuctional theory) based calculation schemes for the description of the electronic structure, energy spectrum, and optical response for strongly correlated 3 oxides, in particular, crystal-field and charge transfer transitions as compared with an "old"\, cluster model that does generalize crystal-field and ligand-field theory. As a most instructive illustration of validity of numerous calculation techniques I address the prototypical 3 insulator NiO predicted to be a metal in frames of a standard LDA (local density approximation) band theory.
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