@misc{Klukowski_Leszek_Optimization_2011, author={Klukowski, Leszek}, copyright={Creative Commons Attribution BY 4.0 license}, address={Warszawa}, journal={Raport Badawczy = Research Report}, howpublished={online}, year={2011}, publisher={Instytut Badań Systemowych. Polska Akademia Nauk}, publisher={Systems Research Institute. Polish Academy of Sciences}, language={eng}, abstract={The paper presents an approach to optimization of prematured bond redemption connected with an issue of new bonds. Both transactions are assumed in the auction form. The decision variables are: redemption level and new issue level, the criterion function expresses total servicing cost of the debt. The constraints of the problem comprise budgetary requirements and other features of the debt issued. The approach has been applied with the use of actual data. The paper is based on the research made in Ministry of Finance (Poland).}, title={Optimization of prematured treasury bonds redemption associated with selling of new bonds}, type={Text}, URL={http://www.rcin.org.pl/Content/103561/PDF/RB-2011-31.pdf}, keywords={Optimization of debt management, Multiple criteria: bond redemption and bond issue, Minimization of debt servicing costs, Optymalizacja zarządzania długiem, Wiele kryteriów: wykup obligacji i emisja obligacji, Minimalizacja kosztów obsługi długu}, }