Performance Measurement in Multiperiod Agencies
نویسندگان
چکیده
September1998 x The authors are grateful to Tim Baldenius, Christian Laux and Xiao-Jun Zhang for helpful comments and suggestions.
منابع مشابه
MULTIPERIOD CREDIBILITIC MEAN SEMI-ABSOLUTE DEVIATION PORTFOLIO SELECTION
In this paper, we discuss a multiperiod portfolio selection problem with fuzzy returns. We present a new credibilitic multiperiod mean semi- absolute deviation portfolio selection with some real factors including transaction costs, borrowing constraints, entropy constraints, threshold constraints and risk control. In the proposed model, we quantify the investment return and risk associated with...
متن کاملStochastic Programming of Time-Consistent Extensions of AVaR
We discuss multiperiod stochastic programming formulations of time-consistent extensions of average value-at-risk (AVaR); AVaR measures the risk of a random financial value. Multiperiod risk measures that are recursively defined over time are known to be time consistent. For a multiperiod extension of AVaR for stochastic value processes, we reformulate the recursion as a linear stochastic progr...
متن کاملPerformance Measurement in State Economic Development Agencies
How do state economic development agencies view performance measures and the use of those measures in policy and budget decision-making in the states? This paper extends prior work on performance measurement in state and local governments to the area of economic development. State economic development agencies have frequently been assessed using macro-level measures of economic performance and ...
متن کاملResults Based Management in the Development Co-operation Agencies: a Review of Experience Background Report
This review constitutes the first phase of the project; a second phase involving key informant interviews in a number of agencies is due for completion by November 2001. The Development Assistance Committee (DAC) Working Party on Aid Evaluation is an international forum where bilateral and multilateral development evaluation experts meet periodically to share experience to improve evaluation pr...
متن کاملCoherent multiperiod risk adjusted values and Bellman's principle
Starting with a time-0 coherent risk measure defined for “value processes”, we also define risk measurement processes. Two other constructions of measurement processes are given in terms of sets of test probabilities. These latter constructions are identical and are related to the former construction when the sets fulfill a stability condition also met in multiperiod treatment of ambiguity as i...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 1998