Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/1313
Title: OPTIMAL PORTFOLIO MIX FOR MULTIGROW INSURANCE COMPANY IN GHANA USING LINEAR PROGRAMMING
Authors: Boah, D. K.
Adu, I. K.
Tulasi, V.
Keywords: Portfolio
Investment
Linear Programming
Optimal Portfolio Mix
Optimal Return
Issue Date: 2015
Publisher: European Centre for Research Training and Development UK
Series/Report no.: Vol. 3;Issue 5
Abstract: In this paper, the concept of Linear Programming (LP) was applied to Multigrow Insurance Company in Ghana which had a portfolio problem. The company had obtained GH ₵ 200000 cash but had a difficulty in determining how much to invest in each of five investment areas in order to maximize return. Based on the data collected, the problem was formulated as a Linear Programming Problem and solved using Management Scientist Version 5 Software. Optimal portfolio mix was obtained for the Insurance Company. Finally, the total optimal return on the investments of the company was found to be GH ₵ 15980. It is strongly recommended that the Company should adhere to the proposed optimal portfolio mix and also employ at least one operations researcher to assist the Company in its activities
URI: http://hdl.handle.net/123456789/1313
ISSN: 2053-2210
Appears in Collections:Faculty of Mathematical Sciences

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