Optimization strategies in credit portfolio management

This paper focuses on the application of an original global optimization algorithm, based on the hybridization between a genetic algorithm and a semi-deterministic algorithm, for the resolution of various constrained optimization problems for realistic credit portfolios. Results are analyzed from a...

Full description

Bibliographic Details
Authors: Ivorra, Benjamín Pierre Paul, Mohammadi, Bijan, Ramos Del Olmo, Ángel Manuel
Format: article
Publication Date:2009
Country:España
Institution:Universidad Complutense de Madrid (UCM)
Repository:Docta Complutense
Language:English
OAI Identifier:oai:docta.ucm.es:20.500.14352/49798
Online Access:https://hdl.handle.net/20.500.14352/49798
Access Level:Open access
Keyword:519.853
Credit portfolio management
Risk measure
Global optimization
Genetic algorithm
Semi-deterministic algorithm
Investigación operativa (Matemáticas)
1207 Investigación Operativa
Description
Summary:This paper focuses on the application of an original global optimization algorithm, based on the hybridization between a genetic algorithm and a semi-deterministic algorithm, for the resolution of various constrained optimization problems for realistic credit portfolios. Results are analyzed from a financial point of view in order to confirm their relevance.