Providing an optimal portfolio using a hedging management strategy and the honey bee algorithm in the analysis of periods before and after sanctions

Document Type : Original Article

Authors
Seyed Hamed Niakan 1
Amir Hossein Taebi Naghandari 2
Hadis Zeinali 2
1 PhD Student, Department of Accounting, Kerman Branch, Islamic Azad University, Kerman, Iran
2 Assistant Professor, Department of Accounting, Kerman Branch, Islamic Azad University, Kerman, Iran
10.22034/jik.2025.78416.4725
Abstract
The aim of this research is to introduce an innovative method for managing and hedging portfolio risks across diverse economic conditions, including periods before and after economic sanctions. Investors generally aim to acquire securities with lower risks and higher returns. To achieve this, diversification of financial assets and utilization of effective risk management tools are necessary. Economic sanctions, however, impact industries differently; certain sectors may thrive, while others experience challenges. Therefore, understanding these effects is crucial for making informed investment decisions. This research utilizes the artificial bee colony algorithm (ABC), a meta-heuristic approach inspired by the behavior of bees in their search for food. The algorithm is applied to optimize portfolios by implementing hedging strategies to reduce risks effectively. The data for this study spans from 2014 to 2019, capturing periods before and after sanctions, and the algorithm was programmed using Python in the Visual Studio Code environment.
The findings revealed that the honey bee algorithm, combined with hedging strategies, contributes to significantly reducing portfolio risks while enhancing asset returns. This method develops the optimal combination of assets, ensuring desirable outcomes for investors. Moreover, this research highlights that the honey bee algorithm is versatile and adaptable, making it an efficient tool for navigating various economic scenarios. It proves valuable not only for day-to-day asset management but also during periods of economic uncertainty. It serves as a reliable decision-making tool, ensuring robust portfolio management and enhancing investment strategies under challenging conditions influenced by sanctions.
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