Browse

Investment incentive is one of determinants for attraction of foreign direct investments. Due to relatively identical or uniform conditions, incentive is the instrument for governments to gain some advantage in comparison to other countries. The most proclaimed argument to use incentives is the job creation. These jobs would be not created, if the incentives were not provided for foreign investors. On the other hand, incentives themselves mean expenditures that have to be paid in effort to create such jobs. Thus, ...

In this paper the authors focus on the problem of portfolio selection based on Mean Absolute Deviation risk measure. They try to design new model based of the idea of event tree. It means, that the investor make the decision in every state of investment separate and hold the portfolio from previous period, or change the portfolio. So the investor can optimize the decision on the financial market. The biggest advantage of this model is, that the solution can be never worst like the solution, we get with standard op...