Concepts, technical issues, and uses of the Russell-Yasuda!Kasai financial planning model
成果类型：
Article
署名作者：
Cariño, DR; Myers, DH; Ziemba, WT
署名单位：
University of Washington; University of Washington Seattle; University of British Columbia
刊物名称：
OPERATIONS RESEARCH
ISSN/ISSBN：
0030-364X
DOI：
10.1287/opre.46.4.450
发表日期：
1998
页码：
450-462
关键词：
摘要：
This paper discusses technical aspects of the Russell-Yasuda Kasai financial planning model. These include the models for the discrete distribution scenario generation processes for the uncertain parameters of the model, the mathematical approach used to develop the infinite-horizon end-effects part of the model, a comparison of algorithms used in the model's solution, and a comparison of the multistage stochastic linear programming model with the previous technology, static mean-variance analysis. Experience and bene fits of the model in Yasuda-Kasai's financial planning process is also discussed.