Content area
In this thesis I study the question how a person who has just retired should allocate his investment between a low risk, low return asset and high risk, high return assets. I present basic theory of stochastic processes and derive a mathematical model for optimizing asset allocation, develop a computer simulation and discuss several numerical examples using the US stock market data and mortality tables.
Details
Business indexing term
Subject
Finance;
Mathematics;
Studies;
Simulation;
Retirees;
Portfolio management;
Stock exchanges;
Standard deviation;
Calculus;
Monte Carlo simulation;
Investments;
Random variables;
Copyright;
Computer simulation;
Probability;
Stochastic models;
Algebra;
Asset allocation;
Interest rates;
Women;
Equity;
Rates of return;
Stock prices;
Brownian motion;
Investors
Mathematics;
Studies;
Simulation;
Retirees;
Portfolio management;
Stock exchanges;
Standard deviation;
Calculus;
Monte Carlo simulation;
Investments;
Random variables;
Copyright;
Computer simulation;
Probability;
Stochastic models;
Algebra;
Asset allocation;
Interest rates;
Women;
Equity;
Rates of return;
Stock prices;
Brownian motion;
Investors
Classification
Identifier / keyword
Title
A simulation approach for creating an optimal investment portfolio for retirees
Author
Number of pages
40
Degree date
1998
School code
0110
Source
MAI 37/01M, Masters Abstracts International
ISBN
978-0-599-04268-1
University/institution
University of Louisville
University location
United States -- Kentucky
Degree
M.A.
Source type
Dissertation or Thesis
Language
English
Document type
Dissertation/Thesis
Dissertation/thesis number
1391725
ProQuest document ID
304429061
Document URL
https://www.proquest.com/dissertations-theses/simulation-approach-creating-optimal-investment/docview/304429061/se-2?accountid=208611
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Database
ProQuest One Academic