... mechanism and a bias function for determining the next element to be introduced in the solution. Originality/value This is believed to be the first time, a GRASP for finding the efficient frontier for this class of portfolio selection problems is used. Portfolio investment Optimization techniques...

... viewpoints: it can be seen as a risk measure, and as a systematic way to perform stress tests[1]. Thomas Breuer can be contacted at: thomas.breuer@fhv.at © Emerald Group Publishing Limited 2006 Risk analysis Optimization techniques Value analysis The risk of a portfolio is the amount...

... of such heuristics to optimise models of quite complex relationships. J. A. Bennell can be contacted at: jabz@soton.ac.uk © Emerald Group Publishing Limited 2006 Fund management Risk assessment Optimization techniques The objective of this paper is to investigate the use of improved...