Financial Decision Aid Using Multiple Criteria: Recent Models and Applications

Description

This volume highlights recent applications of multiple-criteria decision-making (MCDM) models in the field of finance. Covering a wide range of MCDM approaches, including multiobjective optimization, goal programming, value-based models, outranking techniques, and fuzzy models, it provides researchers and practitioners with a set of MCDM methodologies and empirical results in areas such as portfolio management, investment appraisal, banking, and corporate finance, among others. The book addresses issues related to problem structuring and modeling, solution techniques, comparative analyses, as well as combinations of MCDM models with other analytical methodologies. Front Matter ....Pages i-xii Multiattribute Assessment of the Financial Performance of Non-life Insurance Companies: Empirical Evidence from Europe (Michalis Doumpos, Emilios Galariotis, Giacomo Nocera, Constantin Zopounidis)....Pages 1-17 A DSS for Designing an MCDA Study with Application in Performance Evaluation of Forecasting Models (Jamal Ouenniche, Bing Xu, Blanca Pérez-Gladish)....Pages 19-48 Interactive Portfolio Optimization Using Mean-Gini Criteria (Ran Ji, Miguel A. Lejeune, Srinivas Y. Prasad)....Pages 49-91 A Multi-objective Approach to Multi-period: Portfolio Optimization with Transaction Costs (Marius Radulescu, Constanta Zoie Radulescu)....Pages 93-112 Distance Measures for Portfolio Selection (Joseph Andria, Giacomo di Tollo, Arne Lokketangen)....Pages 113-129 A Behavioral and Rational Investor Modeling to Explain Subprime Crisis: Multi Agent Systems Simulation in Artificial Financial Markets (Yosra Ben Said, Dalel Kanzari, Marwa Bezzine)....Pages 131-147 Empowering Cash Managers Through Compromise Programming (Francisco Salas-Molina, David Pla-Santamaria, Juan A. Rodríguez-Aguilar)....Pages 149-173 Multicriteria Evaluation of Innovation Projects in Services in the Brazilian Insurance Market: A Case Study (Priscila Aguiar da Silva, Luiz Flávio Autran Monteiro Gomes)....Pages 175-196 Ethics in Investment and Portfolio Selection: A Review (Fouad Ben Abdelaziz, Maroua Abed)....Pages 197-217 Multi-Decision Players in R&D Investment Games (Mouna Ben Brahim)....Pages 219-241