Multicriteria Decision Aid/Analysis in Finance

Jaap Spronk, Ralph E. Steuer () and Constantin Zopounidis ()
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Ralph E. Steuer: University of Georgia
Constantin Zopounidis: Technical University of Crete

Chapter Chapter 20 in Multiple Criteria Decision Analysis: State of the Art Surveys, 2005, pp 799-848 from Springer

Abstract: Abstract Over the past decades the complexity of financial decisions has increased rapidly, thus highlighting the importance of developing and implementing sophisticated and efficient quantitative analysis techniques for supporting and aiding financial decision making. Multicriteria decision aid (MCDA), an advanced branch of operations research, provides financial decision makers and analysts with a wide range of methodologies well-suited for the complexity of modern financial decision making. The aim of this chapter is to provide an in-depth presentation of the contributions of MCDA in finance focusing on the methods used, applications, computation, and directions for future research.

Keywords: Multicriteria decision aid; finance; portfolio theory; multiple criteria optimization; outranking relations; preference disaggregation analysis (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1007/0-387-23081-5_20

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