An optimal investment policy for two financial institutions in Ghana
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Date
2000-02-01
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Abstract
In chapter zero, we try to review the necessary literature that is required to solve the investment policy problem. This includes mathematical programming with particular reference to Dynamic
Programming where various theoretical examples are explained. Bellman’s Principle of Optimality, which is the basis of Dynamic Programming, is discussed. The background to the research receives attention in Chapter One since this is the crux of the study. Certain terminologies in the merchant banking and insurance have been defined to enable any reader to appreciate the nature of the study. In this Chapter, data collected are analyzed using a 95% confidence interval to formulate the problem. Subsequently, the problem is modelled in Chapter Two with Parameters in the model well explained. Results obtained in Chapter Three seek to advise Management of the two firms on how to allocate resources in order to operate optimally.
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A thesis submitted to the Board of Postgraduate Studies, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfilment of the requirement for the award of Master of Science in Mathematics, 2000