To cite this article: Scott J. Davis, Shatiel B. Edwards, Gerald E. Teper, David G. Bassett, Michael J. McCarthy, Scott C. Johnson, Craig R. Lawton, Matthew J. Hoffman, Liliana Shelton, Stephen M. Henry, Darryl J. Melander, Frank M. Muldoon, Brian D. Alford, Roy E. Rice, (2016) Maximizing the U.S. Army’s Future Contribution to Global Security Using the Capability Portfolio Analysis Tool (CPAT)....

Supplying chain cooperation has already become an important strategy that enterprises use to tackle market competition; however, the supply chain crisis caused by supply chain risk makes the supply chain operation of enterprises very fragile. This paper applies Portfolio Theory to explain the suppliers’ combination plays an important role in dispersing the supplying chain risk and controlling i...

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In the context of the historical development of portfolio theory the authors describe a stochastic asset/liability modelling exercise for a closed pension fund portfolio, illustrating the reduction in variance of estimated future surplus which can be achieved by investment in index-linked securities. Equity investment would increase the expected level of surplus, but the outcome would be more u...

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of the Dissertation Three Essays on Asset Pricing, Portfolio Choice and Behavioral Finance.

This paper analyzes the investment decisions of insured banks under fixed-rate deposit insurance. The model takes into account the charter value and allows banks to dynamically revise their asset portfolios. Trade-offs exist between preserving the charter and exploiting deposit insurance. The optimal bank portfolio problem is solved analytically for a constant charter value. In any audit period...

This paper, adopting the recursive multiple-priors utility, studies the optimal consumption and portfolio choice in a Merton-style model with anticipation when there is a difference between ambiguity and risk. The fundamental issue is what the effects of ambiguity and anticipation on the investor’s behavior are. In the case of a logarithmic felicity function, the paper also shows that no hedgin...

Let MPT (v, 2) denote a maximum packing of triples of order v and index 2. An MPT (v, 2) is called simple if it contains no repeated triples. It is proved in this paper that for v > 2 and any even 2, the necessary and sufficient condition for the embedding of a simple MPT(v,2) in a simple MPT(u,).) is u >/2v + 1.