By morphing mean–variance optimization (MVO) portfolio model into semi-absolute deviation (SAD) model, we apply multi criteria decision making (MCDM) via fuzzy mathematical programming to develop comprehensive models of asset portfolio optimization (APO) for the investors’ pursuing either of the aggressive or conservative strategies. 2007 Elsevier Inc. All rights reserved.

– Sustainable evaluation of construction projects in strategy-focused condition is the main issue for municipalities to appropriately improve public sector services. In this respect, the group decision-making methods could help experts to select suitable sustainable projects and to schedule them regarding their ranking results. Therefore, the objective of this study is to present a hybrid group...

due to the particular importance of projects in human life and in organizations, proper project management has been always regarded highly by researchers and practitioners. recent advances in technology and fundamental changes in most scientific areas have affected projects and made their nature and environmental circumstances much more complex than in the past. fortunately, in recent years, ma...

The stock evaluation process plays an important role in portfolio selection because it is the prerequisite for investment and directly influences on the stock allocation. This paper presents a methodology based on Data Envelopment Analysis for portfolio selection, decision making units which can be stocks or other financial assets. First, DMUs efficiencies are computed based on input/output com...

despite the growing use of evolutionary multi-objective optimization algorithms in different categories of science, these algorithms as a powerful tool in portfolio optimization and specially solving multi-objective portfolio optimization problem is still in its early stages. in this paper, moeas have been used for solving multi-objective portfolio optimization problem in tehran stock market. f...

optimization is an important methodology for activities in planning and design. the transportation designers are able to introduce better projects when they can save time and cost of travel for project by optimization methods. most of the optimization problems in engineering are more complicated than they can be solved by custom optimization methods. the most common and available methods are he...

The concept of managing new product development projects as an explicit portfolio originates from the context of large organizations. However, the question as to whether explicit portfolio management is relevant for small organizations is rarely discussed. We conducted a qualitative multiple-case study of six small organizations (with 15–40 people) that developed software and provided related s...

in the process of investment decision making, next to financial indicators many other aspects of investment projects are increasingly often considered. this leads to the multi-criteria evaluation of a project. the advantage of multi-criteria methods is the ability to take into account all (not only financial) aspects of the attractiveness of an investment project. the selection of criteria of p...