Evolutionary algorithms in theory and practice: evolution strategies, evolutionary programming, genetic algorithms
Genetic algorithms + data structures = evolution programs (3rd ed.)
Genetic algorithms + data structures = evolution programs (3rd ed.)
How to solve it: modern heuristics
How to solve it: modern heuristics
Numerical Optimization of Computer Models
Numerical Optimization of Computer Models
Memetic algorithm using multi-surrogates for computationally expensive optimization problems
Soft Computing - A Fusion of Foundations, Methodologies and Applications
Soft computing system for bank performance prediction
Applied Soft Computing
Evolutionary computing in manufacturing industry: an overview of recent applications
Applied Soft Computing
Evolutionary software engineering, a review
Applied Soft Computing
An empirical study of classification algorithm evaluation for financial risk prediction
Applied Soft Computing
Evolution strategies and multi-objective optimization of permanent magnet motor
Applied Soft Computing
Soft Computing - A Fusion of Foundations, Methodologies and Applications - Special Issue on scalability of evolutionary algorithms and other metaheuristics for large-scale continuous optimization problems
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This paper proposes an optimization approach for generating an investment strategy for multi-period asset-liability management of long-term with-profit life insurance policies. Our approach uses models to simulate the processes insurance companies employ when determining multi-period investment strategies over a given planning horizon. The approach utilizes an enhanced heuristic algorithm to determine optimal multi-period investment strategies. Simulation models take into account asset numbers, objective functions, and asset allocation frequency. Strategy performance is evaluated by applying three single-period investment strategies to the simulation models. Computational results not only verify the efficiency and robustness of the algorithm, but also demonstrate the effectiveness of frequent asset reallocation, and dispute the suitability of traditional top-down investment strategies in maximizing investment returns of with-profit insurance policies.