TY  - BOOK
AU  - Padberg,Henning
TI  - Portfolio management using Black-Litterman
SN  - 9783638897839
U1  - 658.152 23
PY  - 2007///
CY  - Múnich, Alemania
PB  - GRIN Verlag
KW  - Administración del portafolio
KW  - Riesgo (Finanzas)
KW  - Análisis de inversiones
N1  - 1. Introduction ; 2. Basic concepts - foundation for Black-Litterman ; 3.The Black-Litterman model ; 4. Critical review of the Black-Litterman model ; 5.Conclusion; Título original; Isn't it obvious? : retailing and the theory of constraints
N2  - Portfolio management usually comprises asset allocation decisions with the goal of creating diversified portfolios. Managers can consult quantitative models to support their decision-making process. Fischer Black and Robert Litterman (1992) developed the Black-Litterman (BL) optimization model. It is based on the idea of efficient markets, the capital asset pricing model of Sharpe (1964) and Lintner (1965), as well as the established mean-variance optimization (MVO) developed by Markowitz (1952), and conditional probability theory dating back to Bayes (1763)
ER  -