Accession Number:
AD0259837
Title:
A MODEL OF MULTI-PERIOD INVESTMENT UNDER UNCERTAINTY
Descriptive Note:
Corporate Author:
CARNEGIE INST OF TECH PITTSBURGH PA GRADUATE SCHOOL OF INDUSTRIAL ADMINISTRAT ION
Personal Author(s):
Report Date:
1961-03-20
Pagination or Media Count:
1.0
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