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Optimizing the Distributions of Limited Partnership Returns
Author(s) -
Miller Norman G.,
McKeown Patrick G.
Publication year - 1979
Publication title -
real estate economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.064
H-Index - 61
eISSN - 1540-6229
pISSN - 1080-8620
DOI - 10.1111/1540-6229.t01-15-00201
Subject(s) - investment (military) , flexibility (engineering) , economics , general partnership , microeconomics , real estate , cash , linear programming , limited partnership , horizon , finance , mathematical optimization , mathematics , geometry , management , politics , political science , law
Limited partnerships are accorded great flexibility with respect to the allocation of cash, profits or losses, and gains to each partner. Using iterative linear programming techniques a model is designed to redistribute the various investment flows from a real estate type of investment between partners so as to simultaneously maximize each and all of the partners returns over the investment horizon.