… Edward Weiss, Journal of Computational Intelligence in Finance “Benninga has a clear writing
style and uses numerous illustrations, which make this book one of the best texts on using …

… Hence, at each pair {t,s} of time and state, the total stream of benefits from the firm is its cash
flow CF 0 u s d t−s if the firm is public (where CF 0 is the initial cash flow) and CF 0 u s d t−s +…

… We have not given formal proofs for optimality; these turn out to be somewhat more
complicated mathematically and may be found in Benninga, Eldor, … ratio to be derived may …

… student’s computer program or class project as one’s own. o Stealing or borrowing all or part
of an exam’s … o Submitting work that was submitted in another class without the instructor’s …

… Let S 0 represent the investment in the … S t , ω t < ½ . A simple continuity argument shows,
however, that this need not be true. Since ω t is continuous in K and S, a small increase in K/S …

This paper deals with the construction of the covariance matrix for portfolio optimization. We
show that in terms of the ex-post standard deviation of the global minimum variance portfolio…

… of staten, βi is agenti’s subjective rate of time discount and γi … note that wi is also individual’s
i’s fraction of total wealth. We … Benninga’s research was financed in part by a grant from the …

… Further support for the condition is lent by Ward and Dasse’s (1977) research into the
basis on citrus futures. Of six variables used to explain the basis in frozen concentrated …

… The firm’s objective function is defined over its income in local … spot exchange rate S. In the
absence of hedging of its foreign … In this section we shall assume that the firm’s production …

… A long position in Deutschmarks in New York may be offset by a short position in Deutschmarks
in Geneva; the bank’s risk–which we intend to measure by VaR–is based on the net …