On a Concept of Household Financial Plan Optimization Model

• Autorzy: Radosław Pietrzyk , Paweł Rokita

Warianty tytułu

Koncepcja modelu optymalizacji planu finansowego gospodarstwa domowego

• Języki publikacji: EN

Abstrakty

EN

In the paper a model of life-long financial plan for households is presented. This is a cashflow-based, discrete time, two-person household model. Its main concept is expressing risk aversion of a household as the maximum range of survival scenarios for which the plan should guarantee stable financing of household needs. This approach allows at the same time for reducing the number of survival scenarios for which the plan is optimized. The aim of this research is to present assumptions and construction of the model and show its performance under some chosen scenarios. The choice of scenarios is made in the way that the different riskiness of different plans is explicitly shown without a need of performing a thorough sensitivity analysis nor applying any kind of risk measure(original abstract)

W artykule zaprezentowana została koncepcja modelu długoterminowego planu finansowego gospodarstwa domowego. Jest to model dla dwuosobowego gospodarstwa domowego, oparty na przepływach pieniężnych i skonstruowany w czasie dyskretnym. Zastosowano w nim oryginalne rozwiązanie, polegające na tym, że awersja do ryzyka jest wyrażona jako maksymalny przedział scenariuszy przeżycia, dla których plan powinien gwarantować stabilne finansowanie potrzeb gospodarstwa domowego. Takie podejście stwarza zarazem możliwość ograniczenia liczby scenariuszy, dla których przeprowadzana jest optymalizacja planu. Celem tej pracy jest zaprezentowanie założeń i budowy tego modelu oraz przedstawienie jego działania dla przykładowych scenariuszy. Scenariusze te zostały tak dobrane, aby różnice między planami pod względem ich ryzyka były wprost widoczne na przykładach, bez konieczności przeprowadzenia szerszej analizy wrażliwości, ani też bez stosowania jakiejkolwiek miary ryzyka(abstrakt oryginalny)

Słowa kluczowe

EN

Optimalization; Financial plan

PL

Optymalizacja; Plan finansowy

• Czasopismo: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
• Rocznik: 2015
• Numer: nr 381 Financial Investments and Insurance - Global Trends and the Polish Market
• Strony: 314--333

Twórcy

autor

Radosław Pietrzyk

• Wrocław University of Economics, Poland

autor

Paweł Rokita

• Wrocław University of Economics, Poland

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Identyfikatory

DOI

10.15611/pn.2015.381.24