Multistage decision-making fuzzy methodology for optimal investments based on experts’ evaluations

Gia Sirbiladze, Irina Khutsishvili and Bezhan Ghvaberidze

European Journal of Operational Research, 2014, vol. 232, issue 1, 169-177

Abstract: A new methodology of making a decision on an optimal investment in several projects is proposed. The methodology is based on experts’ evaluations and consists of three stages. In the first stage, Kaufmann’s expertons method is used to reduce a possibly large number of applicants for credit. Using the combined expert data, the credit risk level is determined for each project. Only the projects with low risks are selected.

Keywords: Risk analysis; Optimal investment; Experton; Discrimination measure; Bicriteria discrete optimization problem (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:232:y:2014:i:1:p:169-177

DOI: 10.1016/j.ejor.2013.06.035

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