Optimisation: Difference between revisions
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* [[Risk management]] | * [[Risk management]] | ||
* [[Search engine optimisation]] (SEO) | * [[Search engine optimisation]] (SEO) | ||
* [[Stress]] | |||
* [[Stress test]] | * [[Stress test]] | ||
* [[Treasury]] | * [[Treasury]] | ||
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==Other resource== | ==Other resource== | ||
*[https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wharton-podcast/nassim-taleb-on-living-with-black-swans/ Living with Black Swans - Nassim Nicholas Taleb] | *[https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wharton-podcast/nassim-taleb-on-living-with-black-swans/ Living with Black Swans - Nassim Nicholas Taleb] | ||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
Latest revision as of 21:31, 25 July 2024
1. Treasury - corporate finance - risk management.
Strictly, optimisation is a process of creating the best possible combination of conditions to achieve a particular objective.
- Black swan author sceptical of optimisation
- "You have to avoid optimization.
- That is quite critical for someone who is doing finance to understand because it goes counter to everything you learn in portfolio theory....
- I have always been very sceptical of any form of optimization. In the black swan world, optimization isn't possible.
- The best you can achieve is a reduction in fragility and greater robustness."
- Living with Black Swans - Nassim Nicholas Taleb.
2. Treasury - corporate finance - risk management - operations.
More broadly, optimisation is a process of making changes to improve results.
See also
- Black swan
- Corporate finance
- Correlation
- Efficiency
- Fat tail
- Guide to risk management
- Heuristic
- Interest rate optimisation
- Minimum variance portfolio
- Operations
- Optimal capital structure
- Portfolio
- Portfolio analysis
- Probability
- Redundancy
- Risk
- Risk management
- Search engine optimisation (SEO)
- Stress
- Stress test
- Treasury
- Volatility
- Working capital management
