Two-step method for multiple criteria investment decision making: mutual funds selection using FuzzME software
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15310%2F16%3A33154653" target="_blank" >RIV/61989592:15310/16:33154653 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1504/IJMOR.2016.079811" target="_blank" >http://dx.doi.org/10.1504/IJMOR.2016.079811</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1504/IJMOR.2016.079811" target="_blank" >10.1504/IJMOR.2016.079811</a>
Alternative languages
Result language
angličtina
Original language name
Two-step method for multiple criteria investment decision making: mutual funds selection using FuzzME software
Original language description
The paper presents a decision support method for financial investment decision making - an area where uncertainty is inherent. Investment decision support requires understandable tools able to deal with imprecision and provide easily interpretable outputs to the decision makers. We therefore propose a two--step decision support model that employs two different mathematical approaches. The first step represents investment strategy recommendation and is realized on the base of Mamdani's inference using linguistic fuzzy rules. The second step involves a preselection of mutual funds in accordance with the investment strategy proposed in the first step and provides decision support for mutual funds selection based on multiple criteria (fuzzy OWA aggregation is used). The output is presented to the investor as a picture (graphical representation of fuzzy numbers) with linguistic labels and real number representations (defuzzified values) of the fuzzy outputs. A numerical example of mutual funds selection using FuzzME software is presented.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA14-02424S" target="_blank" >GA14-02424S: Methods of operations research for decision support under uncertainty</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Mathematics in Operational Research
ISSN
1757-5850
e-ISSN
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Volume of the periodical
9
Issue of the periodical within the volume
4
Country of publishing house
GB - UNITED KINGDOM
Number of pages
15
Pages from-to
487-501
UT code for WoS article
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EID of the result in the Scopus database
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