IDEAS home Printed from https://ideas.repec.org/a/eee/jomega/v9y1981i1p77-88.html
   My bibliography  Save this article

Mean-variance analysis for indivisible assets

Author

Listed:
  • Findlay, M Chapman
  • McBride, Richard D
  • Yormark, Jonathan S
  • Messner, Stephen D

Abstract

In this paper we shall demonstrate classic mean-variance analysis for universes of indivisible assets. Our discrete mean-variance model, the frontier generation mechanism, and a brief description of the quadratic integer programming algorithm are presented first. We then discuss some computational strategies important in practical applications, and provide a numerical example adapted from real estate investment analysis. Finally, we present some observations on the nature of the efficient set and some general conclusions.

Suggested Citation

  • Findlay, M Chapman & McBride, Richard D & Yormark, Jonathan S & Messner, Stephen D, 1981. "Mean-variance analysis for indivisible assets," Omega, Elsevier, vol. 9(1), pages 77-88.
    • Handle: RePEc:eee:jomega:v:9:y:1981:i:1:p:77-88
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0305-0483(81)90069-4
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jomega:v:9:y:1981:i:1:p:77-88. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.