Optimization of Pension Asset Portfolio in Nigeria with Contributors’ Specified Return Rate
Optimization of Pension Asset Portfolio in Nigeria with Contributors’ Specified Return Rate作者机构：Department of Mathematics Michael Okpara University of Agriculture Umudike Nigeria Department of Mathematics Abia State University Uturu Nigeria
出 版 物：《Open Journal of Optimization》 (最优化（英文）)
年 卷 期：2016年第5卷第4期
页 面：103-119页
学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学]
主 题：Optimization Portfolio Contributory Pension Scheme Return Rate Pension Reform
摘 要：This work focuses on the optimization of investment contributions of pension asset with a view to improving contributors’ participation in achieving better return on investment (RoI) of their funds. We viewed some new regulations on Nigeria’s Contributory Pension Scheme (CPS) from amended legislation of 2014, some of which are yet to be implemented when their regulations are approved. A mathematical model involving 5 variables, 5 inequality constraints covering regulatory limitations and limitation on scarce resource known as Asset Under Management (AUM), suggested and mathematically shown to be possible through “maximization of return irrespective of risk while obeying all regulatory controls as our constraints optimized. Optimized portfolio using MatLab shows that the portfolio representing AES 2013 portfolio with a deficit growth of 15.75 m representing 3.27% less than the portfolio’s full growth potential within defined assumptions would have been averted if contributors actually set their targets and investment managers optimize from forecasts of future prices using trend analysis.
维普期刊数据库