's profits, once projects have begun. The firm's portfolio choice of borrowing source and the choice of priority for its debt claims attempt to optimally circumscribe the powers of banks.

are shown to be optimal. The analysis has implications for the portfolio structure and capital structure of intermediaries.

. Conventional wisdom, and a history of hand optimization of inner-loops, suggests that ILP compilation techniques are well suited to these applications. Unfortunately, there currently exists a gap between the compiler community and embedded applications developers. This paper presents MediaBench, a benchmark

as from a regulatory point of view. Banks need to maximize their expected returns under these constraints. This leads to a generalized portfolio optimization problem under different capital restrictions. We pursue a two-step Risk-/Return Management Approach ("RRM-Approach")

Domestic investors hold a substantially larger proportion of their wealth portfolios in domestic assets than standard portfolio theory would suggest, a phenomenon called "equity home bias. " In the absence of this bias, investors would optimally diversify domestic output risk using

We examine how the evidence of predictability in asset returns affects optimal portfolio choice for investors with long horizons. Particular attention is paid to estimation risk, or uncertainty about the true values of model parameters. We find that even after incorporating parameter uncertainty

Abstract Using genetic algorithm (GA), this study proposes a portfolio optimization scheme for index fund management. Index fund is one of popular strategies in portfolio management that aims at matching the performance of the benchmark index such as the S&P 500 in New York and the FTSE 100

This paper examines the effect of the labor-leisure choice on portfolio and consumption decisions over an individual’s life cycle. The model incorporates the fact that individuals may have considerable flexibility in varying their work effort (including their choice of when to retire). Given

, portfolio optimization, risk management

We consider the execution of portfolio transactions with the aim of minimizing a combination of volatility risk and transaction costs arising from permanent and temporary market impact. For a simple linear cost model, we explicitly construct the efficient frontier in the space of time