SENEL, Kerem; PAMUKCU, A. Bulent - In: Istanbul Commerce University Journal of Social Sciences 21 (2012) 1, pp. 289-304
Long term asset allocation is more complicated than the usual asset allocation paradigm due to the multi-period nature of the problem. Since analytical models usually oversimplify for the sake of mathematical convenience, a fundamentally different approach is needed. Numerical solutions such as...