You are not currently logged in.
Access your personal account or get JSTOR access through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
A Computer Simulation Model for Investment Portfolio Management
Ross Ziskind and Robert Boldin
Vol. 2, No. 3 (Autumn, 1973), pp. 23-33
Stable URL: http://www.jstor.org/stable/3664984
Page Count: 11
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
The purpose of this paper is to show how some of the results of modern financial theory, embedded in the context of a simulation approach, can be used to develop a computer model to assist in the management of investment portfolios. Such a model can aid the manager in evaluating and understanding proposed portfolio policies, particularly policies related to risk. The simulation technique is shown to be helpful in enabling the user to deal with the results of capital market theory at a practical, problem-oriented level and in allowing him to extrapolate the consequences of alternative proposed policies for problems which are both dynamic and probabilistic.
Financial Management © 1973 Financial Management Association International