A portfolio manager is constructing an equity portfolio that will include several equities from multiple industries. The manager aims to achieve mean/variance optimization and asks a group of analysts to perform alpha analysis and also to estimate other portfolio inputs. As part of the alpha analysis, the analysts adjust alphas based on the portfolio's constraints and exclude very large positive and negative alphas from their calculations. Additionally, the analysts plan to remove biases or undesirable bets from the alphas. Which of the following procedures should the analysts apply to execute this plan?