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

Table 5

Comparison results of modified ABC, ABC, and GA with 𝐶¹_𝑖(𝑥_𝑖).

	𝑥1	𝑥2	𝑥3	𝑥4	Return	Risk	𝑈max
Modified ABC	0.040	0.180	0.780	0	0.06721	6.7582𝐸−5	0.0154
ABC	0.002	0.190	0.800	0.008	0.06719	6.8011𝐸−5	0.0153
GA	0.023	0.172	0.800	0.005	0.06712	6.8135𝐸−5	0.0153