In this paper, we propose a goal-based investment model that is suitable for personalized
wealth management. The model only requires a few intuitive inputs such as size of wealth …

I have developed an intertemporal portfolio choice model with jump risks. It can be applied
to pension and life insurance funds, and private investors. Following the model of Rudolf …

Various non-economic factors, like social, cultural, psychologic and others strongly affect the
decision-making related to the management of personal consumption expenditure (PCE) in …

The increasing importance of liability-driven investment strategies and the shift towards
retirement products with lower guarantees and more performance participation provide …

In this thesis, optimal investment strategies for investors who manage their assets and
liabilities integratively are developed. Portfolio optimization problems with stochastic …

抄録 We discuss modelling and applications for multi-period portfolio optimization problems
in the paper. We introduce the research topics for porfolio optimization modelling. We …

Abstract 枇々木ら (2005-2008) の研究成果を実際にファイナンシャル・プランナーに利用してもらう
場合, 計算速度の高速化と柔軟な世帯の設定ができるソフトウェアへの実装は不可欠である …

• For retail investors (individuals):▫ Invest in order to obtain goals (spending goals or future
liabilities)‣ Example: Summer vacation, Children education, retirement spending, etc.▫ …