One Type of Optimal Portfolio Selection in Birandom Environments

Limei Yan


In order to solve the portfolio problem when security returns are birandom variables, firstly we propose a new definition of risk, then one type of portfolio selection based on expected value and risk is provided according to birandom theory. Furthermore, A hybrid intelligent algorithm by integrating birandom simulation and genetic algorithm is designed. Finally, one numerical experiment is provided to illustrate the effectiveness of the hybrid intelligent algorithm.

Full Text:



Modern Applied Science   ISSN 1913-1844 (Print)   ISSN 1913-1852 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the '' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.