In this article we present a technique for implementing large-scale optimal portfolio selection.
We use high-frequency daily data to capture valuable statistical information in asset returns…

Agricultural economists have long recognized pest populations as common property
resources, and, as such, pest control through chemical pesticide application involves a tradeoff …

Simulation has become a standard methodology in agricultural economics with models
being used in all aspects of the profession. Johnson and Rausser identify two major types of …

Subsequently, Pulley [4] demonstrates that IKLM is not invariant to the value of ENU, although
it is invariant to linear transformations of the utility function. Pulley suggests that utility …

Extensive research on the ability of a carefully selected mean-variance efficient portfolio to
give almost maximum expected utility shows that, generally, this ability falls as relative risk …

Rotations have historically been used to alleviate pest problems in crop production. This paper
considers methods of modeling rotations in linear programming models for Southeastern …

The mean‐variance criterion is one of the most frequently used methods for selecting investment
portfolios. Yet, because it is an approximation of an investor's maximum expected utility …

This paper explores the issue of approximating expected utility in applying portfolio theory. It
has been demonstrated that expected utility is very closely approximated by an appropriate …

This study shows that the price-yield correlation is a major influence in determining the
skewness of revenue. Therefore, normality for revenue may not be rejected even if the price and/…

The theoretical difficulties of the expected value‐variance (E‐V) criterion are well known. A
number of recent research efforts test the criterion's effectiveness in a publicly traded …