Investment decision making using fuzzy scorecards - mutual funds selection

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15310%2F14%3A33151738" target="_blank" >RIV/61989592:15310/14:33151738 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Investment decision making using fuzzy scorecards - mutual funds selection

Popis výsledku v původním jazyce

The paper presents a multiple criteria decision support method for investment decision making. Investment decision support requires tools able to deal with imprecision, understandable to the decision makers and able to provide easily interpretable outputs. We therefore propose here a method utilizing fuzzy scorecards as an easy way to obtain expert evaluations of each alternative (mutual fund) against each criterion. Fuzzy OWA aggregation with fuzzy weights is then applied to obtain overall evaluationsof alternatives in the form of piecewise linear fuzzy numbers. The final evaluations are also assigned appropriate linguistic descriptions to facilitate the decision making as well as possible. It is also possible to order the alternatives based on the centres of gravity of the overall evaluations. The mathematical model has been implemented in the FuzzME software for fuzzy multiple criteria evaluation. A practical example of mutual funds selection using this software is presented. The p

Název v anglickém jazyce

Investment decision making using fuzzy scorecards - mutual funds selection

Popis výsledku anglicky

The paper presents a multiple criteria decision support method for investment decision making. Investment decision support requires tools able to deal with imprecision, understandable to the decision makers and able to provide easily interpretable outputs. We therefore propose here a method utilizing fuzzy scorecards as an easy way to obtain expert evaluations of each alternative (mutual fund) against each criterion. Fuzzy OWA aggregation with fuzzy weights is then applied to obtain overall evaluationsof alternatives in the form of piecewise linear fuzzy numbers. The final evaluations are also assigned appropriate linguistic descriptions to facilitate the decision making as well as possible. It is also possible to order the alternatives based on the centres of gravity of the overall evaluations. The mathematical model has been implemented in the FuzzME software for fuzzy multiple criteria evaluation. A practical example of mutual funds selection using this software is presented. The p

Druh

D - Stať ve sborníku

CEP obor

BB - Aplikovaná statistika, operační výzkum

OECD FORD obor

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Projekt

<a href="/cs/project/GA14-02424S" target="_blank" >GA14-02424S: Metody operačního výzkumu pro podporu rozhodování v podmínkách neurčitosti</a><br>

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Mathematical Methods in Economics MME 2014

ISBN

978-80-244-4209-9

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

1021-1026

Název nakladatele

Univerzita Palackého

Místo vydání

Olomouc

Místo konání akce

Olomouc

Datum konání akce

10. 9. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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