Kordzadze T. Modeling and Optimization of Investmemt Processes Under Conditions of Nonstationary and Uncertainty

The thesis considers the following problems: development of cointegration methodology, and mathematical models based on this methodology, analysis and mathematical modeling of investment processes and distribution of restricted financial resources between alternative investment projects. As a result of the analysis performed it was established that current investment process are fulfilled in conditions of uncertainties of structural and statistical nature. The structural uncertainties are relevant to the structural distortions of economy in transition, and statistical uncertainties are relevant to uncertainties and errors of data coming from various sources. Both types of uncertainties lead to problems of mathematical modelind, prediction and control.