The integrated decision support system

The system is designed as a combination of an off-line module that runs the optimization, and an online module for product customization. The off-line module exploits the fact that large population segments are homogeneous, so that one could optimize for a range of planning horizons, financial targets, and risk preferences. Customization of a plan for an individual is then extrapolated from the pool of optimized plans. 

The online system is interfaced through a set of web pages. The user s inquiry is first analyzed by an expert system that maps the risk profile to the proper risk aversion parameter, and the minimum growth rate is calculated. These data are passed on to the interpolation module that consults the off-line 

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