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A multiple criteria decision-making approach for the selection of stocks / P. Xidonas in Journal of the operational research society (JORS), Vol. 61 N° 8 (Août 2010) 

Public ISBD [article]  in Journal of the operational research society (JORS) > Vol. 61 N° 8 (Août 2010) . - pp. 1273–1287 Titre : A multiple criteria decision-making approach for the selection of stocks Type de document : texte imprimé Auteurs : P. Xidonas, Auteur ; G. Mavrotas, Auteur ; J. Psarras, Auteur Année de publication : 2011 Article en page(s) : pp. 1273–1287 Note générale : Recherche opérationnelle Langues : Anglais (eng) Mots-clés : Portfolio  management  Stock  selection  Multiple  criteria  decision  making  Application  Bibliographic  review Index. décimale : 001.424 Résumé : A fundamental principle of modern portfolio theory is that portfolio selection decisions are generally made using two criteria, corresponding to the first two moments of return distributions, namely the expected returnportfolio variance. One criticism over this theory, which has often been addressed both by practitioners and academics, is that it fails to embody all the decision-maker's objectives, through the various stages of the decision process. The aim of this paper is to present an alternative methodological approach for modeling one of the most crucial phases of the portfolio management process, the security selection phase. The main characteristic of the proposed approach is that it fully takes into account the inherent multi-dimensional nature of the problem, although allowing the decision-maker to incorporate his preferences in the decision process. The validity of the proposed approach is tested through an illustrative application in Athens Stock Exchange. Besides, a detailed categorized bibliography is provided, relative to the application of the techniques of multiple criteria decision making to the problems and issues of portfolio management. DEWEY : 001.424 ISSN : 0361-5682 En ligne : http://www.palgrave-journals.com/jors/journal/v61/n8/abs/jors200974a.html [article] A multiple criteria decision-making approach for the selection of stocks [texte imprimé] / P. Xidonas, Auteur ; G. Mavrotas, Auteur ; J. Psarras, Auteur . - 2011 . - pp. 1273–1287. Recherche opérationnelle Langues : Anglais (eng) in Journal of the operational research society (JORS) > Vol. 61 N° 8 (Août 2010) . - pp. 1273–1287 Mots-clés : Portfolio  management  Stock  selection  Multiple  criteria  decision  making  Application  Bibliographic  review Index. décimale : 001.424 Résumé : A fundamental principle of modern portfolio theory is that portfolio selection decisions are generally made using two criteria, corresponding to the first two moments of return distributions, namely the expected returnportfolio variance. One criticism over this theory, which has often been addressed both by practitioners and academics, is that it fails to embody all the decision-maker's objectives, through the various stages of the decision process. The aim of this paper is to present an alternative methodological approach for modeling one of the most crucial phases of the portfolio management process, the security selection phase. The main characteristic of the proposed approach is that it fully takes into account the inherent multi-dimensional nature of the problem, although allowing the decision-maker to incorporate his preferences in the decision process. The validity of the proposed approach is tested through an illustrative application in Athens Stock Exchange. Besides, a detailed categorized bibliography is provided, relative to the application of the techniques of multiple criteria decision making to the problems and issues of portfolio management. DEWEY : 001.424 ISSN : 0361-5682 En ligne : http://www.palgrave-journals.com/jors/journal/v61/n8/abs/jors200974a.html