optimal choice. Third, the authors propose a new methodology combining the re-sampling method, stochastic optimization … maximum expected return. The authors combine re-sampling procedure and stochastic optimization to establish more flexibility … in the investment decision rule. Design/methodology/approach The authors apply the re-sampling procedure to consider the …

discharges (PDs). This approach establishes the sample information entropy for each sample and the re-sampling process of the …

estimated parameters. We also study ‘over-the-samples stability’ in the estimated parameters for each year by the method of re-sampling …