Why a second edition? Why take time from busy lives? Why devote the energy to improving
an existing text rather than writing an entirely new one? Why toy with success? The short …

Richard C. Grinold suppose you could start a new investment management firm. How would
you do it? Imagine that your choices even include determining your own skills—not so much …

The explcn use of alpha is one of the many ways to dis. inguish between a rraditional ponfolio
nanager atrd a sJ, srematic portfolio managerl Dealing with alphas is not eary however, …

This is thefifth ina series of reports on Manpower Planning Models, The emphasis in this
report is on optimization in both short and long term planning. Models discussed in earlier …

Large complicated projects with interdependent activities can be described by project networks.
Arcs represent activities, nodes represent events, and the network's structure defines the …

Are investment benchmarks efficient? Is it true, as often said, that although the US market is
efficient there are ample opportunities in foreign markets? How can we talk about such …

This paper considers model building procedures that can be used to reduce end effects in
multistage planning models. In particular, it emphasizes some problems that are peculiar to …

Long–short strategies have generated controversy and institutional interest for more than 10
years. We analyzed the efficiency gains of long–short investing, where we defined efficiency …

Beta splits a security's return into a part that is perfectly correlated with a market portfolio and
a residual that is uncorrelated with the market. Beta is used to analyze performance, control …

We consider a fractional flow model of a graded manpower system and develop algorithms
for calculating optimal control policies in four situations: (i) finite time horizons with no …