This paper provides an overview of how taxation affects household portfolio structure. It begins by outlining six aspects of portfolio behavior that may be influenced by the tax system. These are asset selection, asset allocation, borrowing, asset location in taxable and tax-deferred accounts, asset turnover, and whether to hold assets directly or through financial intermediaries. The analysis ...

E-Portfolios are a new type of software and it is still relatively vague to determine, which functions are obligatory – that is which functions constitute characteristic features – and which functions are just optional (“nice to have“). This article describes the concept and the preliminary results of a research project which was conducted to evaluate E-Portfolio software, and aims at providing...

IT project governance is plagued by an inability to stop projects that ultimately fail, resulting in the loss of scarce resources and IT departments unable to generate full value for money invested. This study investigates the impact of the measurement information framework on information sufficiency, a key factor in reaching effective decisions. Specifically, this research addresses the questi...

Motivated by an application in project portfolio analysis under uncertainty, we develop an algorithm S-VNS for solving stochastic combinatorial optimization (SCO) problems based on the Variable Neighborhood Search (VNS) metaheuristic, and show its theoretical soundness by a mathematical convergence result. S-VNS is the first generalpurpose algorithm for SCO problems using VNS. It combines a cla...

Recent trends in digitalization combined with continuous innovation pressure lead to an increasing number of IT project, which nowadays are accomplished within huge IT project portfolios. Even though numerous IT project and portfolio evaluation and planning approaches have been developed and applied in companies all over the world, about 25% of IT projects still fail, which may result in a glob...

The construction of railway infrastructure should be dealt with as a national strategic development programme, which — due to technical, geographical, logistical, and other requirements — is carried out through a number of projects and represents a complex multiple project operation for investors, contractors, and other influential players. The national strategic development programme for the c...

Project management office (PMO) is a new emerging concept in Iranian construction industry. Executives expect this organizational unit to add value to the business, and meet the demands of stakeholders by performing specialized tasks ranging from providing project management support to portfolio management. In this regard, PMO managers have long faced the question of how to improve the performa...

Practically all firms pursue goals by selecting a portfolio of courses of action that consume resources. Yet, due to uncertainties such as unforeseen market developments, it may not be possible to know in advance how much value these actions yield. Thus, the selection must be based on uncertain ex ante estimates about the future values of the actions. In this paper we show that the explicit Bay...