Open AccessNotes—Note on “Municipal Bond Coupon Schedules with Limitations on the Number of Coupons”
Author(s) -
Marshall Freimer,
Mala Rao,
H. Martin Weingartner
Publication year - 1972
Publication title -
management science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.954
H-Index - 255
eISSN - 1526-5501
pISSN - 0025-1909
DOI - 10.1287/mnsc.19.4.379
Subject(s) - coupon , bond , schedule , computer science , mathematical optimization , municipal bond , contrast (vision) , dynamic programming , operations research , economics , mathematics , finance , artificial intelligence , operating system
The optimal coupon schedule for municipal bonds with limits on the number of distinct coupons is formulated in terms of two different dynamic programming models which, in contrast to the companion paper, do guarantee an optimal solution, although at the cost of additional computational difficulty.