Personal financial planning is the preparation of a series of ongoing targetoriented decisions concerning personal assets, incomes and expenses. An important task of personal financial planning is the generation of a financial schedule defining suitable times for realization of the expenses and incomes at a given point of time. We describe an integer programming model and algorithms for schedul...

Owner-managers of private companies are often highly underdiversified. We investigate the consequences of underdiversification at the company level. Information on US companies and their owner-managers is obtained from the Survey of Consumer Finances and the Survey of Small Business Finances. Underdiversification, measured as the share of the owner-manager’s net worth invested in the company, h...