Utility function as a constructive instrument for investment decisions making

Rutkauskas, Aleksandras Vytautas; Stasytytė, Viktorija

Use this URL to cite this publication: https://hdl.handle.net/20.500.14911/120960

Utility function as a constructive instrument for investment decisions making

Details

Publication Type (CRIS)

Straipsnis recenzuojamoje užsienio tarptautinės konferencijos medžiagoje / Article in peer-reviewed foreign international conference proceedings (P1d)

Publication Type (eLABa)

Straipsnis recenzuotame konferencijos darbų leidinyje / Article published in peer-reviewed conference proceedings (P1d)

Author(s)

Author	Affiliation
Rutkauskas, Aleksandras Vytautas	Finansų inžinerijos katedra / Department of Financial Engineering (1148)
Stasytytė, Viktorija	Finansų inžinerijos katedra / Department of Financial Engineering (1148)

Title

Utility function as a constructive instrument for investment decisions making

[en]

Aleksandras-Vytautas Rutkauskas, Viktorija Stasytytė

Is part of

VI international scientific conference Management and engineering'08: June 19-21, 2008 Sofia, Bulgaria : scientific proceedings / Scientific-Technical Union of Mechanical Engineering, National Science-Technical Union Management and Engineering, Technical University Sofia

Published In

Year	Volume	Start Page	End Page
2008	1(104)	217	220

Publisher

Sofia : Scientific-Technical Union of Mechanical Engineering

Extent

p. 217-220

URI

URI
https://hdl.handle.net/20.500.14911/120960

Cited references

Science / Art Area

Socialiniai mokslai / Social sciences (S)

Field of Science / Art

Ekonomika / Economics (S004)

Keywords (en)

Abstract (en)

Efficient investor's portfolio management is impossible without thorough employment of utility function - an instrument allowing to select proper investment means regarding investor's attitude towards risk. Utility formation is too complex process to be described with the help of only profitability and riskness variables. Real utility of investment depends on three parameters - profitability, risk and reability, which must be commensurated, and such utility function can be depicted in threedimensional space. For quantative valuation of the individual utility an expert system could be developed, which would be adapted for utility estimation goals.