the complexity and development of business decision making is in need of strategic management. the management of the internal affairs of a company is only a part of managers function. a through and appropriate approach to the dynamics of external environment of organization such as the competitors, suppliers, the ever decreasing and scarce resources, the government sponsored rules and regulatio...

We provide easily verifiable conditions for the well-posedness of the optimal investment problem for a behavioral investor in an incomplete discrete-time multiperiod financial market model, for the first time in the literature. Under suitable assumptions we also establish the existence of optimal strategies. Keyword : Optimisation, existence and well-posedness in behavioral finance, “S-shaped” ...

ehavioral finance can shed light on many areas of investing, including valuation. In this presentation, I will discuss some of the key behavioral phenomena and how they relate to particular issues associated with analyst perceptions about returns (namely, representativeness and affect). I will then compare returns for what I call “behavioral mean– variance portfolios” with those of traditional ...

This paper provides a survey on an asymptotic expansion approach to valuation and hedging problems in finance. The asymptotic expansion is a widely applicable methodology for analytical approximations of expectations of certain Wiener functionals. Hence not only academic researchers but also practitioners have been applying the scheme to a variety of problems in finance such as pricing and hedg...

Modern general system theory proposed a holistic integrative approach based on input-state-output dynamics as opposed to the traditional reductionist detail based approach. Information complexity and uncertainty required a fuzzy system theory, based on fuzzy sets and fuzzy logic. While successful in dealing with analysis, synthesis and control of technical engineering systems, general system th...