Petsakos, Athanasios; Rozakis, Stelios - In: European Journal of Operational Research 242 (2015) 2, pp. 536-545
Positive Mathematical Programming (PMP) is one of the most commonly used methods for calibrating activity programming models. In this article we consider PMP as a calibration method for risk programming models with a mean-variance (E-V) specification. We argue that the restrictive theoretical...