A multicriteria decision making approach for the evaluation of equity portfolios

Xidonas, P; Mavrotas, G; Psarras, J

dc.contributor.author	Xidonas, P	en
dc.contributor.author	Mavrotas, G	en
dc.contributor.author	Psarras, J	en
dc.date.accessioned	2014-03-01T01:59:36Z
dc.date.available	2014-03-01T01:59:36Z
dc.date.issued	2010	en
dc.identifier.issn	17575850	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/28998
dc.subject	Application	en
dc.subject	Bibliographic review	en
dc.subject	Multiple criteria decision making	en
dc.subject	Portfolio evaluation	en
dc.title	A multicriteria decision making approach for the evaluation of equity portfolios	en
heal.type	journalArticle	en
heal.identifier.primary	10.1504/IJMOR.2010.029686	en
heal.identifier.secondary	http://dx.doi.org/10.1504/IJMOR.2010.029686	en
heal.publicationDate	2010	en
heal.abstract	It is our purpose in this paper to present an alternative methodological approach for the evaluation of equity portfolios, which will take into account the inherent multidimensional nature of the problem, while allowing the investor-decision maker (DM) to incorporate his preferences in the decision process. According to modern portfolio theory, comparisons between portfolios are generally made using two criteria, corresponding to the first two moments of the return distributions, namely the expected return and portfolio variance. One criticism over this model, which has often been addressed by both practitioners and academics, is that it fails to embody the objectives of the DM, through the various stages of the decision process. The proposed multicriteria decision making approach aims at broadening classical theory, along with successfully combining sophistication and realism. Its contribution has to do with the fact that it fully takes into consideration and resolves the complex nature of the portfolio evaluation problem, while allowing the DM to express his preferences through all the phases of the decision process. Copyright © 2010 Inderscience Enterprises Ltd.	en
heal.journalName	International Journal of Mathematics in Operational Research	en
dc.identifier.doi	10.1504/IJMOR.2010.029686	en
dc.identifier.volume	2	en
dc.identifier.issue	1	en
dc.identifier.spage	40	en
dc.identifier.epage	72	en