Portfolio manager's performance is often evaluated respect to a predetermined market benchmark. Usually the benchmark is an equity/bond portfolio or index for which the percentage and the bond duration are specified, so the manager's aim is to build a portfolio whose performance replicates the...

A linear programming model has been developed for optimal cash flow management addressing specific cash flow issues related to the construction industry. These include typical financial transactions, possible delays on payments, use of available credit lines, effect of changing interest rates,...

This paper studies the consumption and portfolio selection problem of an agent who is liquidity constrained and has uninsurable income risk in a discrete time setting. It gives properties of optimal policies and presents numerical solutions. The paper, in particular, shows that liquidity...

This paper studies the consumption and portfolio selection problem of an agent who is liquidity constrained and has uninsurable income risk in a discrete time setting. It gives properties of optimal policies and presents numerical solutions. The paper, in particular, shows that liquidity...

In this paper we apply the generalized simulated annealing (GSA) approach to the inversion of gravity data for 2-D and 3-D density distributions. We consider a modeling process where the input is the vector of model parameters m (that can be density contrast, mass or some coordinates) and the...