New paradigm for structuring portfolios to improve the risk and return projection

• Main Author: Zhang, Lizhong
• Other Authors: Chin, Teck Chai
• Format: Theses and Dissertations
• Published: 2008
• Subjects: DRNTU::Engineering::Electrical and electronic engineering::Computer hardware, software and systems
• Online Access: http://hdl.handle.net/10356/3987
• Institution: Nanyang Technological University

Mean-Variance (MV) efficiency is a classic method, it was a tool for selecting portfolio and was popular with most financial planners and investors. However, MV efficiency has serious limitations that are instability and ambiguity and these limitations are not reflected in the conceptual flows, but...