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In spite of theoretical benefits, Markowitz mean-variance (MV) optimized portfolios often fail to meet practical investment goals of marketability, usability, and performance, prompting many investors to seek simpler alternatives. Financial experts Richard and Robert Michaud demonstrate that the limitations of MV optimization are not the result of conceptual flaws in Markowitz theory but unrealistic representation of investment information. What is missing is a realistic treatment of estimation error in the optimization and rebalancing process. The text provides a non-technical review of classical Markowitz optimization and traditional objections. The authors demonstrate that in practice the...
State and society in the era of migration -- Multiculturalism and shaping individual identity -- Media and intercultural communication -- Empirical aspects of network communication processes in the light of migration and cultural differences
Efficient and equitable water, wastewater and stormwater management for the megacities is becoming an increasingly complex task. The special issue will focus on water management in its totality for megacities, including their technical, social, economic, legal, institutional and environmental dimensions through a series of specially invited case studies from different megacities of the world. At present, around one out of two of the earth’s 6.3 billion people live in urban areas. Each year, the world population grows by around 80 millions. Practically all of this growth is urban, primarily due to migration. World’s urban population is expected to reach 5 billion by 2030, which is nearly ...
"Sustainable Soil Fertility Management mainly focuses on issues related to soil management at the field level, which is a prime concern for crop production that may be improved by adopting several sustainable management practices. Soil fertility is the capability of soil to sustain plant growth and optimize crop yield. This can be enhanced through the use of organic and inorganic fertilizers. Several techniques are suggested that enhance soil fertility and crop production while minimizing environmental impact. Soil fertility can be further improved by incorporating cover crops that add organic matter to the soil, which leads to improved soil structure and promotes a healthy, fertile soil; by...
Includes supplementary volumes called Ergänzungsbände and Sonderbände covering work published during and after World War II through 1954 and not abstracted in Chemisches Zentralblatt volumes for that period.
A summary of the options available to the prospective investor in the property market, analyzing methods of appraisal, creation, risk and returns for both individual investments and full portfolios.