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Record W2920569591 · doi:10.5430/ijfr.v10n2p36

An Extended Stochastic Goal Mixed Integer Programming for Optimal Portfolio Selection in the Amman Stock Exchange

2019· article· en· W2920569591 on OpenAlexvenueno aff
Rula Hani AlHalaseh, Md. Aminul Islam, Rosni Bakar

Bibliographic record

VenueInternational Journal of Financial Research · 2019
Typearticle
Languageen
FieldDecision Sciences
TopicRisk and Portfolio Optimization
Canadian institutionsnot available
Fundersnot available
KeywordsPortfolioPortfolio optimizationComputer scienceMathematical optimizationStochastic programmingStock exchangePost-modern portfolio theoryModern portfolio theoryStock (firearms)Replicating portfolioInteger programmingDynamic programmingGeometric Brownian motionEconometricsOperations researchEconomicsFinanceMathematicsEngineering

Abstract

fetched live from OpenAlex

This paper optimally solves the portfolio selection problem that consists of multi assets in a continuous time period to achieve the optimal trade-off between multi-objectives. In this paper, the Stochastic Goal Mixed Integer programming of Stoyan (2009) is extended. The empirical contributions of this research presented on extending the SGMIP model by adding information as a new factor that selects the portfolio elements. The information element used as a portfolio managing characteristics to see whether it is applicable for different problems. The data was collected on a daily basis for all the parameters of the individual stock. Brownian motion formula was used to predict the stock price in the future time period. SP framework used to capture numerous sources of uncertainty and to formulate the portfolio problem. The main challenge of this model is that it contains additional real-world objective and multi types of financial assets, which form a Mixed Integer Programming (MIP). This large-scale problem solved using Optimising Programming Language (OPL) and decomposition algorithm to improve the memory allocation and CPU time. A fascinating result was obtained from the portfolio algorithm design. The ESGMIP portfolio outperforms the Index portfolio return. Under uncertain environment, the availability of information rationalized the diversity when the dynamic portfolio invested in one financial instrument (stocks), and tend to be diversifiable when invested in more than one financial instrument (stock and bond). This work presents a novel extended SGMIP model to reach an optimal solution.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.013
metaresearch head score (Gemma)0.005
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Other design · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.965
Threshold uncertainty score0.562

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0130.005
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0000.000
Scholarly communication0.0010.001
Open science0.0020.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.118
GPT teacher head0.478
Teacher spread0.360 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designOther design
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations6
Published2019
Admission routes1
Has abstractyes

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