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.

The selection of a strategy to seismically upgrade an existing building is a difficult problem. In fact, several different technologies are available to this aim nowadays. Furthermore, many generally conflicting options have to be considered to assess the performance of each alternative. Decision support systems like the socalled multi-criteria decision-making (MCDM) methods may be useful in ma...

An effective approach to decision support in multicriteria decision making (MCDM) problems characterized by three to eight decision criteria is described. The approach is based on approximating the feasible set in the criterion space (or a broader criterion set, which has the same Pareto frontier) and visualization of the Pareto frontier by interactive displaying bi-criterion slices of this set...

technology selection is an important part of management of technology. recently karsak and ahiska (2005) proposed a novel common weight multiple criteria decision making (mcdm) methodology for selection of the best advanced manufacturing technology (amt) candidates based on a number of attributes. however, amin et al. (2006), by means of a numerical example demonstrated the convergence difficul...

The evaluation and selection of recommender systems is a difficult decision making process. This difficulty is partially due to the large diversity of published evaluation criteria in addition to lack of standardized methods of evaluation. As such, a systematic methodology is needed that explicitly considers multiple, possibly conflicting metrics and assists decision makers to evaluate and find...

Technology selection is an important part of management of technology. Recently Karsak and Ahiska (2005) proposed a novel common weight multiple criteria decision making (MCDM) methodology for selection of the best Advanced Manufacturing Technology (AMT) candidates based on a number of attributes. However, Amin et al. (2006), by means of a numerical example demonstrated the convergence difficul...

Present dynamic business environment forces organisations to adopt new technologies in order to sustain competitive. Ideally, these IS/ICT solutions would be functional, reliable, and flexible. However, such technologies can be very expensive when owned. One of the areas that can ensure the mentioned goal is outsourcing. But how to find an optimal portfolio of ICT services? What are the decisio...

species selection based on a new method such as a fuzzy method is one of the most important stages in the successful plantation management planning as choosing a suitable species for the site can be the key to success. this paper is based on a fuzzy extension of the technique or order preference which is similar to ideal solution (topsis) method. the purpose of this paper is to develop fuzzy to...