Portfolio Optimization is based on the efficient allocation of several assets, which can get heavily affected by uncertainty in input parameters. So we must look for such solutions give us steady results uncertain conditions too. Recently, optimization problems are being dealt with robust approach. With this development, interest researchers has been shifted toward portfolio optimization. In pa...

In this paper, a Multi-Choice Stochastic Bi-Level Programming Problem (MCSBLPP) is considered where all the parameters of constraints are followed by normal distribution. The cost coefficients of the objective functions are multi-choice types. At first, all the probabilistic constraints are transformed into deterministic constraints using stochastic programming approach. Further, a general tran...