Zobrazit minimální záznam
dc.contributor.author |
Borovička, Adam
|
|
dc.date.accessioned |
2020-02-07T07:15:19Z |
|
dc.date.available |
2020-02-07T07:15:19Z |
|
dc.date.issued |
2019 |
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dc.identifier.issn |
1211-555X (Print) |
|
dc.identifier.issn |
1804-8048 (Online) |
|
dc.identifier.uri |
https://hdl.handle.net/10195/74595 |
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dc.description.abstract |
This article is motivated by real investment decision making for which
uncertainty is so typical. The uncertainty can be represented by an unstable development
of some characteristics of the investment instruments, or vague investor’s preferences.
Moreover, the investment decision is usually made based on several criteria. To
evaluate the investment instruments in a satisfactory manner, or namely to select
suitable investment instrument(s), all mentioned aspects should be considered. For this
purpose, a complex support tool is proposed in this paper. This fuzzy multiple criteria
evaluation method uses triangular fuzzy numbers to express the element of uncertainty.
It accepts a linguistically expressed importance of criteria which is very comfortable for
a decision maker (investor). Linguistic terms are also transformed to the triangular
fuzzy numbers based on the specified fuzzy scale. Using the concept of fuzzy sets (fuzzy
numbers) provides a necessary quantification of the elements of uncertainty. The
proposed method can select ‘the best’ alternative (i.e. investment instrument), to make
a full ranking as well. All benefits of this fuzzy evaluation approach are illustratively
demonstrated on a selected real investment decision making problem on the capital
market with open unit trusts that are increasing in popularity within the Czech Republic. |
en |
dc.format |
p. 28 - 40 (13 s.) |
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dc.language.iso |
en |
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dc.publisher |
University of Pardubice |
en |
dc.relation.ispartof |
Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 47/2019 |
en |
dc.rights |
open access |
en |
dc.subject |
investment decision making |
en |
dc.subject |
open unit trust |
en |
dc.subject |
triangular fuzzy number |
en |
dc.subject |
uncertainty |
en |
dc.subject |
vague preferences |
en |
dc.title |
New fuzzy multiple criteria evaluation method as a support for investment decision making under uncertainty |
en |
dc.type |
Article |
en |
dc.peerreviewed |
yes |
en |
dc.publicationstatus |
published |
en |
dc.subject.jel |
C44 |
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dc.subject.jel |
G11 |
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