Geodesic
Investment projects yield estimation under uncertainty
Matematičeskoe modelirovanie, Tome 21 (2009) no. 3, pp. 18-30

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This paper covers the investment projects assessment problem. In this article we consider a modified Cantor–Lipman model, that take into account a probability of crisis on the investments market and its impact on the investor behavior. In such formulation the problem is reduced to the Bellman equation. However we can't solve this equation in common case. We investigate situation when the optimum strategy is the bankruptcy aversion strategy and investing dynamic is described by dynamic system generated by this strategy. This paper concentrated on the system balanced growth trajectories. Lower bound of investor capital growth is estimated. 
@article{MM_2009_21_3_a1,
     author = {M. P. Vashchenko},
     title = {Investment projects yield estimation under uncertainty},
     journal = {Matemati\v{c}eskoe modelirovanie},
     pages = {18--30},
     publisher = {mathdoc},
     volume = {21},
     number = {3},
     year = {2009},
     language = {ru},
     url = {http://geodesic.mathdoc.fr/item/MM_2009_21_3_a1/}
}
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M. P. Vashchenko. Investment projects yield estimation under uncertainty. Matematičeskoe modelirovanie, Tome 21 (2009) no. 3, pp. 18-30. http://geodesic.mathdoc.fr/item/MM_2009_21_3_a1/