"Portfolio Management with Heuristic Optimization consist of two parts. The first part (Foundations) deals with the foundations of portfolio optimization, its assumptions, approaches and the limitations when ""traditional"" optimization techniques are to be applied. In addition, the basic...

Ergänzende und vertiefende Lernhilfe zum Lehrbuch "Finanzwirtschaft für Anfänger". Es richtet sich an alle, die erste Kenntnisse in den Bereichen Finanzmathematik, Investitionsrechnung und Emission junger Aktien zu erwerben haben.

Bank regulation is supposed to reduce the probability of bank failure and, if a failure occurs, to contain the damage so that system-wide problems are unlikely. The current regulatory framework, known as Basel II, is based, among other things, on risk-adjusted capital requirements. This...

It has been shown in the literature that the task of estimating the parameters of nonlinear models may be tackled with optimization heuristics. Thus, we attempt to carry these intuitions over to the estimation procedure of smooth transition autoregressive (STAR, Teräsvirta, 1994) models by...