Recent advances in modern finance theory and decision science are being utilized in a more systematic fashion by the upstream petroleum industry. Corporate planning groups as well as business units in oil companies are increasingly applying techniques such as decision analysis, simulation, portfolio management, and real options analysis to improve the overall decision making and capital allocat...

In recent years stock exchange has become one of the most attractive and growing businesses in respect of investment and profitability. But applying a scientific approach in this field is really troublesome because of variety and complexity of decision making factors in the field. This paper tries to deliver a new solution for portfolio selection based on multi criteria decision making literatu...

The problem of optimal investment for an insurance company attracts more attention in recent years. In general, the investment decision maker of the insurance company is assumed to be rational and risk averse. This is inconsistent with non fully rational decision-making way in the real world. In this paper we investigate an optimal portfolio selection problem for the insurer. The investment dec...

return maximization or risk minimization is goal in portfolio optimization based on mean variance theory. the structure of correlation matrices and individual variance of each asset are two main factors in optimization with risk minimization object. it’s necessary to use appropriate variance and correlation coefficient for time series with clustering volatilities feature, too. in this research,...

in the science of operation research and decision theory, selection is the most important process. selection is a process that studies multiple qualitative and quantitative criteria, related to the science of management, which are mostly incompatible with each other. the multi criteria selection of a renewable energy portfolio is one of the main issues considered in multi criteria literature. i...

Here, we propose a fuzzy analytic hierarchy process (FAHP) method to evaluate the alternatives of enterprise resource planning (ERP) system. The fuzzy AHP approach allows the users get values more accurately to model the vagueness which changes according subjective ideas in the decision-making environment for ERP system selection problem. Therefore, fuzzy AHP method is used to obtain firm decis...

Recently, as urbanization and industrialization progresses, we have witnessed an increasing number of very large scale development projects (termed mega projects in this paper) all around the world, especially in developing and emerging countries such as Brazil, Russia, India, and China (BRICs). At the same time, issues with mega project decision-making are drawing special attention from invest...