Planetary boundary layer (PBL) Planetary boundary layer (PBL), also called atmospheric boundary layer, the region of the lower troposphere where Earthâs surface strongly influences temperature, moisture, and wind through the turbulent transfer of air mass.
Portfolio optimization tools are useful to assist planners, advisers, and clients in ways to conceptualize the asset allocation problem. But, they should not be relied upon as the primary tool for structuring an investment portfolio.
In comparison, maximization means trying to attain the highest or maximum result or outcome without regard to cost or expense. Practice of optimization is restricted by the lack of full information, and the lack of time to evaluate what information is available (see bounded reality for details). In computer simulation (modeling) of business problems, optimization is achieved usually by using linear programming techniques of operations research.