Determining the weights of assets in a portfolio is one fundamental problems finance. MCDM techniques are employed for asset allocation purposes. However, criterion have to be determined before steps implemented. In this study, criteria by four different weight (CILOS, CRITIC, MEREC, and SECA), effect these on performance portfolios created with 17 (ARAS, CoCoSo, CODAS, COPRAS, EDAS, GRA, MABAC...

The sensitivity analysis for multi-attribute decision making (MADM) problems is important for two reasons: First, the decision matrix as the source of the results of a decision problem is inaccurate because it sorts the alternatives in each criterion inaccurately. Second, the decision maker may change his opinions in a time period because of changes in the importance of the criteria and in the ...

Multistage stochastic programming is a key technology for making decisions over time in an uncertain environment. One of the promising areas in which this technology is implementable, is medium term planning of electricity production and trading where decision makers are typically faced with uncertain parameters (such as future demands and market prices) that can be described by stochastic proc...

a r t i c l e i n f o Keywords: Stochastic dynamic programming Risk-reward heuristic Mean–variance analysis Efficient frontier analysis Inventory management Traditionally inventory management models have focused on risk-neutral decision making with the objective of maximizing the expected rewards or minimizing costs over a specified time horizon. However, for items marked by high demand volatil...

DEA (Data Envelopment Analysis) is a technique for evaluating the relative effectiveness of decision-making units (DMU) with multiple inputs and outputs data based on non-parametric modeling using mathematical programming (including linear programming, multi-parameter programming, stochastic programming, etc.). The classical DEA methods are developed to handle the information in the form of cri...

    Strategic programming, Complex supply chain, Lean, Production programming, Suppliers selection,   ELECTRE This paper represents a model of strategic programming with limited resources in a complex supply chain. The main goal of the proposed model is to increase efficiency and effectiveness of the supply chain with respect to income increases and cost decreases. Using special objective funct...

The present report further investigates the multi-criteria decision making tool named Fuzzy Compromise Programming. Comparison of different fuzzy set ranking methods (required for processing fuzzy information) is performed. A complete sensitivity analysis concerning decision maker’s risk preferences was carried out for three water resources systems, and compromise solutions identified. Then, a ...