A multiple-objective programming technique for structuring tax-exempt serial revenue debt issues

A multiple-objective programming technique for structuring tax-exempt serial revenue debt issues

0.00 Avg rating0 Votes
Article ID: iaor19931031
Country: United States
Volume: 38
Issue: 8
Start Page Number: 1186
End Page Number: 1200
Publication Date: Aug 1992
Journal: Management Science
Authors: ,
Keywords: financial, bidding, programming: goal
Abstract:

A multiple-objective decision model to structure tax-exempt serial revenue bonds is presented in this paper. Based on goals dealing with true interest cost, marketability, debt coverage, production, and level debt, the authors define a goal programming model to generate a maturity schedule and coupon rate assignment for a municipal bond issue. The model is designed to be a flexible interactive decision making tool to aid in the development of a minimal-risk, cost-effective issue.

Reviews

Required fields are marked *. Your email address will not be published.