摘要
网上新股申购通常被认为是风险较低而收益稳定的投资策略。由于新股投资机会较为密集且短期占用资金较多,面对多个申购机会的合理取舍及资金的高效使用将显得尤为重要。通过将新股申购问题抽象为一般连续投资下的资金规划问题,给出其约束方程,指出其求解方法,然后讨论了新股申购在两种目标下的资金规划,并与未做资金规划的简单方案进行比较,结果显示该方法有效地达到了规划目标,提高了整体收益。
Online purchase of new shares is considered as a kind of investment strategy with low risk and stable return. However, most models of asset allocation cannot solve the problem well because they discuss capital allocation in a certain period of time, thus the total capital invested in opportunities must be less than or equal to the initial capital. In this paper, a general form of capital constraint equation about the problem is proposed, and its solution is also presented. Then the whole process of programming is put forward by analyzing cases in the actual investment. At last, the experiment result shows the programming can achieve its goal under different objective functions and has better performance.
出处
《上海管理科学》
CSSCI
2012年第2期26-29,共4页
Shanghai Management Science
关键词
新股申购
资金规划
非线性规划
The Purchase of New Shares
Capital Programming
Non-linear Programming
