Novel Fuzzy Multi-Attribute Decision Making Method for the Selection of Open Unit Trusts Under Uncertainty

2020 ◽  
Vol 28 (06) ◽  
pp. 881-910
Author(s):  
Adam Borovička
Keyword(s):  
Decision Making ◽  
Evaluation Method ◽  
Investment Decision ◽  
Open Unit ◽  
Investment Decision Making ◽  
Complex Process ◽  
Outranking Methods ◽  
Multi Attribute Decision Making ◽  
Criteria Importance ◽  
Selection Of

Investment decision making is a complex process. Important decision concerns the (pre)selection of potential investment instruments to compose an investment portfolio. Conscientious selection involves the application of quantitative multi-criteria procedures. The typical element of uncertainty (i.e. unstable return or investor’s vague preferences about the criteria importance) must be considered. This combination of the typical characteristics of investment on the capital market can be addressed by means of fuzzy multi-attribute decision making methods. These methods effectively quantify the vague elements by using fuzzy numbers. However, the applicability of a relevant method sufficiently depends on the actual investment decision making problem. This article focuses on open unit trusts because this market is recently becoming more popular in the Czech Republic. Unfortunately, under all the practical and theoretical specifics of this type of investment, there is no known evaluation method that can satisfactorily solved this problem. Therefore, the main aim of this article is to propose a novel fuzzy multi-attribute decision making method that works for all investment conditions. Its algorithm is inspired by some principles of the outranking methods. The evaluation of open unit trusts offered by the Česká spořitelna, clearly demonstrates all of the benefits of the proposed concept compared to the existing methods.

Investment Decision Making: An Empirical Study of Perceptual View of Investors

Metamorphosis ◽  
2007 ◽  
Vol 6 (2) ◽  
pp. 115-135 ◽  
Author(s):  
Yesh Pal Davar ◽  
Suveera Gill
Keyword(s):  
Decision Making ◽  
Empirical Study ◽  
Significant Influence ◽  
Investment Decision ◽  
Demographic Factors ◽  
Human Beings ◽  
Actual Performance ◽  
Investment Decision Making ◽  
Underlying Dimension ◽  
Selection Of

There has been substantial theoretical as well as applied evidence about the explanatory facets of investor's perception and investment decision making (IDM). The study reported here investigates the underlying dimensions in the selection of different investment avenues for investors. Examination of a sample of 500 investor respondents reveals the extent to which the significant IDM variables account for variations in present and future investment in various investment avenues. The results suggest that investors' preferences are supposedly related to the actual performance of investments and the same is taken into account while forming an opinion about making future investment decision. Further, demographic factors like age and education have a significant influence on IDM process. The underlying dimension in selection of investments reveals emphasis on familiarity, opinion and demographic measures for all investment avenues. The analysis in the paper reiterates the fact that rational human beings learn from their past and present experiences and utilize the same for their future activities.

scholarly journals RATIONALITY: A CENTRAL POINT BETWEEN TRADITIONAL FINANCE AND BEHAVIOURAL FINANCE

2017 ◽  
Vol 5 (6) ◽  
pp. 389-405
Author(s):  
Subramaniam V.A. ◽  
Velnampy T.
Keyword(s):  
Decision Making ◽  
Investment Decision ◽  
Central Point ◽  
Behavioural Finance ◽  
The Real ◽  
Investment Decision Making ◽  
Real Value ◽  
Future Consumption ◽  
Value Of Money ◽  
Selection Of

Investment plays an important role not only in the life of an individual but also in the development of countries. People save money for the purpose of future consumption and invest the saved money with the objectives of protecting the real value of money and making more money. Bodie, Kane & Marcus (1998) defined the term investment as the current commitment of money and other resources with the expectation of obtaining future benefits. Investment decision making is an important aspect in the process of investment, which relates with the selection of one or more investment options for investing the money.

Investment Decision-Making Model and Application of Mining Equipment

2012 ◽  
Vol 271-272 ◽  
pp. 1776-1779
Author(s):  
Zhao Gang Zhang ◽  
Chao Hong Liu ◽  
Yan Hua Zhao
Keyword(s):  
Decision Making ◽  
Evaluation Method ◽  
Comprehensive Evaluation ◽  
Evaluation Model ◽  
Investment Decision ◽  
Fuzzy Comprehensive Evaluation ◽  
Mining Equipment ◽  
Analytic Hierarchy ◽  
Equipment Investment ◽  
Investment Decision Making

According to the investment decision-making needs of mining enterprises and incorporated with characteristics of mining equipment investment, fuzzy comprehensive evaluation method has been adopted to determine evaluation factors for mining equipment, analytic hierarchy process and expert evaluation method have been applied for determining relevant parameters, the evaluation model for equipment investment suitable for mining enterprise has been established. The evaluation model has been proved to be correct through verification by examples, and provides a reference for investment decisions of mining equipment selection.

scholarly journals Analysing the Effect of Financial Risk Perception, Risk Tolerance on Investment Behaviour: An Empirical Analysis

2021 ◽  
Vol 12 (3) ◽  
pp. 5511-5516
Author(s):  
M Ramu Et. al.
Keyword(s):  
Decision Making ◽  
Risk Perception ◽  
Financial Risk ◽  
Investment Decision ◽  
Risk Tolerance ◽  
Objective Reality ◽  
Investment Decision Making ◽  
Complex Process ◽  
Made In ◽  
Investment Behaviour

Investment decision making is a complex process that depends on several factors that vary from one individual to another. Regardless of the type of decision that is made in life, people behave differently. To distinguish between risk tolerance and risk perception, we must first define risk. Risk is, of course, uncertainty about the result. Any decision that casts doubt on at least one of the possible outcomes is risky. Perception is the assessment of a level of risk which usually involves an understanding of the situation, that is, there is an explanation for objective reality. Risk tolerance is the level at which an individual is willing to accept the risks associated with investments. This paper determines the relation between risk perception, risk tolerance and investment behaviour using inferential statistical analysis and draws the conclusions from the obtained results

scholarly journals Quantitative study on benefits of distribution network investment

2021 ◽  
Vol 271 ◽  
pp. 01008
Author(s):  
He Yongxiu ◽  
Lu Ye
Keyword(s):  
Decision Making ◽  
Evaluation Method ◽  
Investment Decision ◽  
Distribution Network ◽  
Social Benefit ◽  
Extensive Experience ◽  
Life Cycle Theory ◽  
Investment Decision Making ◽  
Network Investment ◽  
Qualitative Index

The development of distribution network in China lags behind the transmission network seriously, which is difficult to meet the development needs of high proportion of renewable energy power system in the future. Facing the huge investment demand of distribution network, it is urgent to improve the existing extensive experience based investment decision-making method and avoid the subjectivity of qualitative index evaluation method. In this paper, the life cycle theory and input-output method are used to study the quantification of distribution network investment benefit. The quantitative models of economic benefit and social benefit of distribution network investment are established to provide support for the comparison and decision-making of distribution network projects. Finally, an empirical analysis of the investment benefit model of a high-voltage distribution network project is carried out to verify the feasibility of the research results.

Applied Research of Composite Weights – TOPSIS Method in Real Estate Investment Decision

2013 ◽  
Vol 711 ◽  
pp. 452-457
Author(s):  
Yong Ge Xu ◽  
Yang Fu
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Evaluation Method ◽  
Investment Decision ◽  
Ideal Point ◽  
Real Estate Investment ◽  
The Real ◽  
The Real Estate ◽  
Multi Objective ◽  
Investment Decision Making

According to the shortage of the method in real estate investment decision, in order to supplement the deficiency of this one.this paper on the basis of comprehensive consideration of Effects of various factors of real estate project decision, this paper constructs the real estate investment decision-making multi-objective planning evaluation model.Into composite weights,determined by weightthrough the subjective evaluation method combined with the objective evaluation method,and by using the ideal point method (TOPSIS) to evaluate the real estate investment decision-making. This kind of method in view of the present real estate investment decision method is the present situation of the lack of certain to give support and complement, because real estate investment decision is a multi-objective process, so the method is introduced in this paper the method will be more close to the actual situation. Finally, combining with an example, this method is feasible and simple and practical, scientific and reasonable.

Improved multi-objective neural network to the complex investment decision-making evaluation

2020 ◽  
pp. 002072092092330
Author(s):  
Li Shen ◽  
Zhaoquan Cai
Keyword(s):  
Neural Network ◽  
Decision Making ◽  
Commercial Bank ◽  
Evaluation Method ◽  
Investment Decision ◽  
Economic Conditions ◽  
High Tech ◽  
Multi Objective ◽  
Investment Decision Making ◽  
Scheme Evaluation

As the investment directions and importance of high-tech enterprises increased largely, it is especially important to choose the most appropriate and effective investment for high-tech enterprises according to national conditions and economic conditions. In view of this, this paper proposes and constructs an investment decision-making scheme evaluation method of high-tech enterprises based on multi-objective neural network. The feasibility of the method was verified by investment decision-making scheme evaluation example of commercial bank. The results show that investment decision-making scheme B can best balance initial investment and capacity elasticity. The proposed method can be generalized to evaluation of other similar investment decision-making schemes.

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