Optimal Stopping Decision for the Designated Management
Jerry C.Y. Miao · Zhōngguó cáiwù xuékān · 2003
This paper studies the optimal stopping decisions for designated management in optimal stopping framework. Under the minimization of expected decision losses we get objective rules to evaluate trustees. Besides, these rules also are helpful for achieving required return for trust. We also find some properties of the optimal stopping criteria and get the criteria for a supposed case by numerical analysis. Key words: designated management, optimal stopping, numerical analysis