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.

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

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