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Multicriteria Decision Aid/Analysis in Finance

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Multiple Criteria Decision Analysis: State of the Art Surveys

Part of the book series: International Series in Operations Research & Management Science ((ISOR,volume 78))

Abstract

Over the past decades the complexity of financial decisions has increased rapidly, thus highlighting the importance of developing and implementing sophisticated and efficient quantitative analysis techniques for supporting and aiding financial decision making. Multicriteria decision aid (MCDA), an advanced branch of operations research, provides financial decision makers and analysts with a wide range of methodologies well-suited for the complexity of modern financial decision making. The aim of this chapter is to provide an in-depth presentation of the contributions of MCDA in finance focusing on the methods used, applications, computation, and directions for future research.

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Authors and Affiliations

  1. Department of Finance and Investment, Erasmus University Rotterdam, P.O.Box 1738, 3000, DR Rotterdam, The Netherlands

    Jaap Spronk

  2. Department of Banking and Finance Terry College of Business, University of Georgia, Athens, Georgia, 30602-6253, USA

    Ralph E. Steuer

  3. Department of Production Engineering and Management, Financial Engineering Laboratory, Technical University of Crete, University Campus, 73100, Chania, Greece

    Constantin Zopounidis

Authors
  1. Jaap Spronk
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  2. Ralph E. Steuer
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  3. Constantin Zopounidis
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Spronk, J., Steuer, R.E., Zopounidis, C. (2005). Multicriteria Decision Aid/Analysis in Finance. In: Multiple Criteria Decision Analysis: State of the Art Surveys. International Series in Operations Research & Management Science, vol 78. Springer, New York, NY. https://doi.org/10.1007/0-387-23081-5_20

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