Sharif Digital Repository

As we know the return of some financial assets has a different distribution from the normal. Given that in the traditional methods of evaluating the mutual funds’ performance such as mean-variance (MV) and models based-on capital assets pricing model (CAPM), returns of financial assets distributions have been assumed normal, using mentioned methods is invalid. In this study, we have used some traditional methods such as the Sharpe benchmark, treanor benchmark and Jensen’s alpha and have pointed out some problems in using them as an instance case. Stochastic dominance criteria which do not require the assumption of normal distribution of return and also have less restrictive assumptions were... 

Control charts are one of the strongest optimization tools. Control charts issue warning due to out of control processby recorded data. As soon as charts warn, attempt start to find the changes reason.Finding out the issue on time save a lot of time and cost. By determining the time of this change, finding out the problem reason get faster. The real time of process change called change point. There exist many papers in change point field finding real time of change in literature. Each one considers the problem with specific assumptions. These assumptions consist of distribution function, change type, parameters and solution procedure. One kind of existing papers are about to determine normal...