Determine the optimal portfolio of Bank Keshavarzi Iran using Goal programming

Subject Areas : Financial engineering

abbasali Abounoori ¹ , hossein Mirzaei ² , Pouria Hamouni ³

1 - department of economics -college of economics and accounting - Islamic Azad university central Tehran branches- Tehran-Iran
2 - economics, Economics and accounting Faculty,Islamic Azad university Tehran markazi, Tehran, Iran
3 - Economy and accounting, Tehran markazi, Azad univesrsity

Received: 2017-12-28 Accepted : 2018-02-22 Published : 2018-06-22

Keywords: Bank, Goal programming, AHP, Financial portfolio,

Abstract :

Asset management is one of the important topics in financial subjects, which used to be noticed just by professions. In recent years gossips about bankruptcy of some financial institutions panicked investors andruined the banking system credence. Bank operation will be bounded by macro-economic status and their operation would be monitored by central bank. There are several methods in order to survey banks functions and suggesting better asset management. One of the most important is Goal programming which is used for multi goal subjects. The hypothesis of this research is to investigate the possibility of financial optimization (asset-liability) of Bank Keshavarzi Iran, using Goal programming. In this study, using the views of bank experts, the goals of the performance of Bank Keshavarzi Iran are being determined. Research variables are items of financial statements that are optimized to achieve the best performance of the bank, and then the essential items of financial statements are compared with the items obtained by the model and the results are analyzed. The offer is made for the optimal performance of the bank