A MODEL OF MULTI-PERIOD INVESTMENT UNDER UNCERTAINTY

Abstract

This paper explores rational decision making for investment in the stock market. The first part is concerned with problems of a methodological nature, mainly dealing with the relationship between normative models and operations research. The major part explores a particular model and the various features the model possesses. The interpretation and use of dual prices in a stochastic programming model is discussed. The final part will suggest various possible extensions into other areas. (Author)

Document Details

Document Type
Technical Report
Publication Date
Mar 20, 1961
Accession Number
AD0259837

Entities

People

  • Andrew Whinston
  • Bertil Naslund

Organizations

  • Carnegie Institute of Technology

Tags

DTIC Thesaurus Topics

  • Applied Mathematics
  • Business Administration
  • Computer Programming
  • Computing-Related Activities
  • Finance
  • Interdisciplinary Science
  • Investments
  • Operations Research
  • Uncertainty

Readers

  • Computational Modeling and Simulation
  • Economics
  • Operations Research