Investment Portfolio Decision-Making

An assessment model that combines portfolio decision-making with criterion-referenced grading is described as applied in an EAP (English for Academic Purposes) pre-university ESL writing program. In this model, portfolio decision-making is combined with criterion-referenced assessment. The portfolio concept is valuable in that learners are encouraged to "own" and to make decisions about their work. At the same time, criterion-referenced assessment allows teachers to set meaningful, consistent standards while encouraging learner self- and peer assessment. Learner involvement may be further encouraged through the use of contract grading and collaborative revision of grading criteria. For academically oriented adult ESL learners, in particular, this assessment scheme encourages learner control while keeping performance-based standards at desirable levels.

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Decision-making in the management of property investment by Australian superannuation funds

Australian Journal of Management ◽

10.1177/0312896218754476 ◽

2018 ◽

Vol 43 (3) ◽

pp. 404-420 ◽

Cited By ~ 3

Author(s):

Tiffany Hutcheson ◽

Graeme Newell

Keyword(s):

Decision Making ◽

Real Estate ◽

Investment Decision ◽

Strategic Decision ◽

Strategic Decision Making ◽

Investment Portfolio ◽

Analytical Hierarchical Process ◽

Heterogeneous Nature ◽

Decision Making Factors ◽

Asset Classes

Decision-making in property investment by superannuation funds is an important investment decision, but it is different to their decision-making on other asset classes included in their asset portfolios. The large value and heterogeneous nature of individual pieces of real estate make the market for real estate relatively illiquid and subject to larger transaction costs than other asset classes. Based on interview surveys of Australian superannuation funds, using the analytical hierarchical process (AHP), we identified strategic decision-making as being the most important factor used by the superannuation funds when making decisions on the management of their property investment portfolio. Comments during the interviews indicated that their decisions were influenced by restrictions in their fund’s investment mandate and the level of funds that they had to invest. The AHP technique has allowed this research to provide a more in-depth understanding of the management of decision-making factors than previous surveys.

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