Application of Artificial Bee Colony Algorithm to Portfolio Adjustment Problem with Transaction Costs

Table 2

Comparison results with different transaction costs with 𝜆=0.1.

	𝐶^1𝑖(𝑥𝑖)	𝐶^2𝑖(𝑥𝑖)	𝐶^3𝑖(𝑥𝑖)	𝐶^4𝑖(𝑥𝑖)
𝑥1	0	0.2	0.381	0.298
𝑥2	0.2	0.8	0.261	0.298
𝑥3	0.8	0	0.223	0.203
𝑥4	0	0	0.135	0.201
𝑈max	0.0309	0.0225	0.0168	0.0239
TC	0.0328	0.0340	0.0430	0.0357