Masters Theses

Abstract

"An automated technique is developed to maximize the return on investments in the McDonnell Douglas Salaried Savings Plan. Continual guidance is provided to the participant as to the currently preferred type of investment within the Plan, and to the strategic t iming of withdrawals from the Plan. The decision criteria within the modelled system address the tradeoff s which result from the participant's past investment decisions, his current tax situation, alternative market conditions, withdrawal penalties and o the r Plan characteristics. Decisions are made on the premise that historic performance patterns will continue, though adaptive procedures are included to react to changing conditions.

To test the benefit of the technique, a simulation employing its decisions i s compared to simulations of twelve arbitrary or blind investment strategies. Also a control of not participating in the Savings Plan is considered, all simulations being performed under an identical set of conditions. It is shown that while most any pattern of participation in the Plan will benefit the employee, a structured approach to investment decisions yields a substantial additional return on his savings. A further advantage of stability in the growth of the holdings is noted"--Abstract p. ii

Advisor(s)

Herbert A. Crosby

Committee Member(s)

Edward C. Bertnolli
Daniel C. St. Clair

Department(s)

Electrical and Computer Engineering

Degree Name

M.S. in Electrical Engineering

Publisher

University of Missouri--Rolla

Publication Date

Fall 1981

Pagination

vii, 76 pages

Note about bibliography

Includes bibliographical references (page 64)

Rights

© 1981 Richard Charles Seifert, All rights reserved.

Document Type

Thesis - Open Access

File Type

text

Language

English

Thesis Number

T 4766

Print OCLC #

8676521

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