Multistage stochastic programming in contrast to stochastic control has found wide application in the formulation and solution of nancial problems characterized by a large number of state variables and a generally low n umber of possible decision stages. The literature on the use of multistage recourse modelling to formalize complex portfolio optimization problems dates back to the early sevent...

The paper investigates the role of fixed income in pension schemes investment Ghana by specifically looking at asset allocation and initial required to make scheme solvent future a specified high probability after matching all liabilities Ghana.Looking assets-only analysis without their liabilities, equity appears be an attractive classes invest in. However, considering asset-liability analysis...

With the proposed RBC requirements for variable annuities with guarantees (so called C3 Phase II) requiring stochastic testing, there should be a lot of interest in the approaches to reducing the number of runs. This article provides strategies to reduce number of runs in stochastic insurance modeling as well as cash flow testing when the interest scenarios are stochastic. Three interest rate s...

Enterprise IT asset disposition is one important contributing dimension to green IT initiatives adopted by organizations. IT asset disposition services aim to maximize the value of the IT asset investment of enterprises over its entire lifecycle while guaranteeing data security and protecting against environmental liability. The purpose of this paper is to introduce the practice of IT asset dis...

A firm can finance investment either by borrowing or by drawing on cash balances, so that financial asset and liability changes tend to have opposite signs. In contrast, financial intermediaries borrow in order to lend, so that financial asset and liability changes have the same sign. Large non-financial firms in China and India behave like intermediaries rather than textbook non-financial firm...