Yong Fang – Fuzzy Portfolio Optimization

$8.50

Size 1.3 MB
E-book: 188 pages
Publisher: Springer; 2008 edition (7 May 2008)
Language: English
ISBN-10: 3540779256
ISBN-13: 978-3540779254

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Description

Yong Fang – Fuzzy Portfolio Optimization

This is the primary monograph on fuzzy portfolio optimization. By utilizing fuzzy mathematical approaches, quantitative evaluation, qualitative evaluation, the consultants’ information and the buyers’ subjective opinions could be higher built-in into portfolio choice fashions. The contents of this ebook primarily comprise of the authors’ analysis outcomes for fuzzy portfolio choice issues lately. In addition, within the ebook, the authors introduce another vital progress within the subject of fuzzy portfolio optimization. Some elementary points and issues of portfolio choice have been studied systematically and extensively by the authors to use fuzzy programs principle and optimization strategies. A brand new framework for funding evaluation is introduced on this ebook. A collection of portfolio choice fashions are given and a few of them are extra environment friendly for sensible functions. Some software examples are given for example these fashions.
Most of the prevailing portfolio choice fashions are primarily based on the likelihood principle. Though they usually cope with the uncertainty through probabilistic – proaches, we have now to say that the probabilistic approaches solely partly seize the truth. Some different strategies have additionally been utilized to deal with the uncertainty of the ?nancial markets, for example, the fuzzy set principle [Zadeh (1965)]. In actuality, many occasions with fuzziness are characterised by probabilistic approaches, though they aren’t random occasions. The fuzzy set principle has been extensively used to resolve many sensible issues, together with ?nancial danger administration. By utilizing fuzzy mathematical approaches, quan- tative evaluation, qualitative evaluation, the consultants’ information and the buyers’ subjective opinions could be higher built-in right into a portfolio choice mannequin. The contents of this ebook primarily comprise of the authors’ analysis outcomes for fuzzy portfolio choice issues lately. In addition, within the ebook, the authors will even introduce another vital progress within the ?eld of fuzzy portfolio optimization. Some elementary points and issues of po- folioselectionhavebeenstudiedsystematicallyandextensivelybytheauthors to use fuzzy programs principle and optimization strategies. A brand new framework for funding evaluation is introduced on this ebook. A collection of portfolio sel- tion fashions are given and a few of them may be extra e?cient for sensible functions. Some software examples are given for example these fashions by utilizing actual information from the Chinese securities markets.

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