Especially it focuses on the efficiency of Lower Partial Moments (LPM, one of the methods in DOWNSIDE RISK), which is applicable to all types of utility functions, and solves the portfolio problem under the VaR constraint.
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- 特別是重點(diǎn)研究了DOWNSIDE RISK方法中適用于所有類(lèi)型偏好函數的LPM方法的運用效率，求解了VaR約束下的資產(chǎn)組合問(wèn)題。
