Determining the Optimal Investment Policy for the Tourism Sector of a Developing Country

1973 ◽  
Vol 20 (4-part-i) ◽  
pp. 487-497 ◽  
Author(s):  
Charles E. Gearing ◽  
William W. Swart ◽  
Turgut Var
Keyword(s):  
Developing Country ◽  
Optimal Investment ◽  
Investment Policy ◽  
Tourism Sector

A note on the optimal investment policy of the regulated firm

1976 ◽  
Vol 4 (3) ◽  
pp. 51-55 ◽  
Author(s):  
David W. Peterson ◽  
James H. Vander Weide
Keyword(s):  
Optimal Investment ◽  
Investment Policy ◽  
Regulated Firm

scholarly journals Residents’ attitude and perception towards Rural Tourism Development: A case remote Humla District of Nepal.

2021 ◽  
Vol 3 (3) ◽  
pp. 1-9
Keyword(s):  
Cultural Diversity ◽  
Developing Country ◽  
Local Community ◽  
Tourism Development ◽  
Rural Tourism ◽  
Economic Welfare ◽  
Tourism Sector ◽  
Key Driver ◽  
Residents Attitudes ◽  
Positive Effect

Local people's attitude towards tourism development is the crucial factor for usefully developing a touristic destination. Nepal, a mountainous developing country rich in nature and cultural diversity is promoting the tourism sector for its economic welfare. In this context, this research investigated residents’ attitudes towards tourism in Simikot of Humla, Nepal. Data were collected through 40 households of Simikot through questionnaire methods. With this line, we investigated the attitude, potentiality, and major attributes for tourism and existing infrastructure supportive to tourism. Results indicated most of the residents hold that tourism has a positive effect on the local community. Most of the residents believe nature and cultural attractions are the major attractions for tourism. Considering its potentiality people believe that access to transportation will be the key driver to promote tourism.

Optimal investment policy of an insurance firm

1983 ◽  
Vol 2 (2) ◽  
pp. 103-112 ◽  
Author(s):  
Charles S. Tapiero ◽  
Dror Zuckerman
Keyword(s):  
Optimal Investment ◽  
Investment Policy

PORTFOLIO SELECTION BY MINIMIZING THE PRESENT VALUE OF CAPITAL INJECTION COSTS

2014 ◽  
Vol 45 (1) ◽  
pp. 207-238 ◽  
Author(s):  
Ming Zhou ◽  
Kam C. Yuen
Keyword(s):  
Portfolio Selection ◽  
Risk Model ◽  
Numerical Study ◽  
Optimal Investment ◽  
Investment Policy ◽  
Model Parameters ◽  
Capital Injection ◽  
Surplus Process ◽  
Insurance Portfolio ◽  
Special Cases

AbstractThis paper considers the portfolio selection and capital injection problem for a diffusion risk model within the classical Black–Scholes financial market. It is assumed that the original surplus process of an insurance portfolio is described by a drifted Brownian motion, and that the surplus can be invested in a risky asset and a risk-free asset. When the surplus hits zero, the company can inject capital to keep the surplus positive. In addition, it is assumed that both fixed and proportional costs are incurred upon each capital injection. Our objective is to minimize the expected value of the discounted capital injection costs by controlling the investment policy and the capital injection policy. We first prove the continuity of the value function and a verification theorem for the corresponding Hamilton–Jacobi–Bellman (HJB) equation. We then show that the optimal investment policy is a solution to a terminal value problem of an ordinary differential equation. In particular, explicit solutions are derived in some special cases and a series solution is obtained for the general case. Also, we propose a numerical method to solve the optimal investment and capital injection policies. Finally, a numerical study is carried out to illustrate the effect of the model parameters on the optimal policies.

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