?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Fmiis.maths.ox.ac.uk%2Fmiis%2F159%2F&rft.title=Efficient+Portfolio+Selection&rft.creator=Tsao%2C+Min&rft.creator=Aggarwala%2C+Rita&rft.creator=Aurag%2C+Hassan&rft.creator=Paulhus%2C+Marc&rft.subject=Energy+and+utilities&rft.subject=Finance&rft.description=Merak+believed+that+an+efficient+frontier+analysis+method+that+combined+the+robustness+of+the+Monte+Carlo+approach+with+the+confidence+of+the+Markowitz+approach+would+be+a+very+powerful+tool+for+any+industry.+However%2C+it+soon+became+clear+that+there+are+other+ways+to+address+the+problem+that+do+not+require+a+Monte+Carlo+component.%0A%0AThree+subgroups+were+formed%2C+and+each+developed+a+different+approach+for+solving+the+problem.+These+were+the+Portfolio+Selection+Algorithm+Approach%2C+the+Statistical+Inference+Approach%2C+and+the+Integer+Programming+Approach.&rft.date=1999&rft.type=Study+Group+Report&rft.type=NonPeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.identifier=http%3A%2F%2Fmiis.maths.ox.ac.uk%2Fmiis%2F159%2F1%2Fportfolio.pdf&rft.identifier=++Tsao%2C+Min+and+Aggarwala%2C+Rita+and+Aurag%2C+Hassan+and+Paulhus%2C+Marc++(1999)+Efficient+Portfolio+Selection.++%5BStudy+Group+Report%5D+++++