This article is published by AllBusiness.com, a partner of TIME. In artificial intelligence (AI), a heuristic is a problem-solving approach that employs practical, experience-based strategies to find ...

We consider the problem of dynamic portfolio optimization in a discrete-time, finite-horizon setting. Our general model considers risk aversion, portfolio constraints (e. g., no short positions), ...

This paper develops a new algorithm for solving the general nonlinear programming problem that melds the flexible simplex search of Nelder and Mead with various additional rules to take care of ...

Optimization technology is an important part of analytics. Optimization allows you to mathematically “narrow your choices the very best when there are virtually innumerable feasible options and ...