Risk-Sensitive Portfolio Optimization Problems with Fixed Income Securities
DSpace at IIT Bombay
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Title |
Risk-Sensitive Portfolio Optimization Problems with Fixed Income Securities
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Creator |
GOEL, M
KUMAR, KS |
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Subject |
optimal investment model
management risk-sensitive control fixed income securities nonstationary optimal strategies |
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Description |
We discuss a class of risk-sensitive portfolio optimization problems. We consider the portfolio optimization model investigated by Nagai (SIAM J. Control Optim. 41:1779-1800, 2003). The model by its nature can include fixed income securities as well in the portfolio. Under fairly general conditions, we prove the existence of an optimal portfolio in both finite-horizon and infinite-horizon problems.
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Publisher |
SPRINGER/PLENUM PUBLISHERS
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Date |
2011-08-30T14:39:43Z
2011-12-26T12:59:00Z 2011-12-27T05:49:49Z 2011-08-30T14:39:43Z 2011-12-26T12:59:00Z 2011-12-27T05:49:49Z 2009 |
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Type |
Article
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Identifier |
JOURNAL OF OPTIMIZATION THEORY AND APPLICATIONS, 142(1), 67-84
0022-3239 http://dx.doi.org/10.1007/s10957-009-9546-z http://dspace.library.iitb.ac.in/xmlui/handle/10054/12355 http://hdl.handle.net/10054/12355 |
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Language |
en
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