© 2015

Multiple Criteria Decision Making in Finance, Insurance and Investment

  • Minwir Al-Shammari
  • Hatem Masri


  • Presents simple techniques that can be used by researchers and practitioners from the field of finance, investment and insurance

  • Includes models and real case studies to help young researchers and practitioners to understand the benefit of using these techniques

  • Contains short, precise and concise information about the application of up-to-date MCDM techniques in the field of finance, investment and insurance


Part of the Multiple Criteria Decision Making book series (MCDM)

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Minwir Al-Shammari, Mohammad Omar Farooq, Hatem Masri
    Pages 1-7
  3. Belaid Aouni, Cinzia Colapinto, Davide La Torre, Danilo Liuzzi, Simone Marsiglio
    Pages 31-48
  4. Akhtar A. Khan, Elisabeth Köbis, Christiane Tammer
    Pages 135-157
  5. Antonio Heras, Alejandro Balbás, Beatriz Balbás, Raquel Balbás
    Pages 159-169
  6. Paz Méndez-Rodríguez, Blanca Pérez-Gladish, José M. Cabello, Francisco Ruiz
    Pages 229-247
  7. Fouad Ben abdelaziz, Souhir Neifar, Marc de Bourmont
    Pages 249-272

About this book


This book is devoted to recent developments and applications of multiple criteria decision aid tools in the field of finance, insurance and investment. It illustrates recent methods and procedures designed to solve problems related to finance, insurance and portfolio selection formulated through a mathematical programming framework and for which a large number of conflicting and incommensurable objectives (criteria, attributes) is simultaneously optimized. The book introduces researchers and practitioners to recent theoretical and methodological developments in multi-attributes portfolio selection, multiple criteria analysis in finance, insurance and investment. It is based on selected and invited papers presented and discussed at the 2013 International Conference on Multidimensional Finance, Insurance and Investment (ICMFII’13), held at the College of Business Administration at the University of Bahrain from 25th to 27th November 2013 with the co-sponsorship of the International Society on Multiple Criteria Decision Making and the Institute for Operations Research and the Management Sciences - MCDM section.


Fuzziness Multi-attribute portfolio selection Multi-criteria decision aid Multiple objective programming Stochastic programming Uncertainty

Editors and affiliations

  • Minwir Al-Shammari
    • 1
  • Hatem Masri
    • 2
  1. 1.College of Business AdministrationUniversity of BahrainSakhirBahrain
  2. 2.College of Business AdministrationUniversity of BahrainSakhirBahrain

About the editors

Minwir Al-Shammari is a Professor of Management and the Dean of the University of Bahrain’s College of Business Administration.  He holds a PhD in Business Administration from University of Glasgow, UK in 1990 and MS in Industrial Management from Central Missouri State University, USA in 1986. He has been involved for 25 years in teaching, research, training, and consultancy in Decision Aid, Project Management, Strategic Planning and Knowledge Management. He has published more than 30 research papers in International Journals such as, the European Journal of Operational Research, the International Journal of Operations & Production Management, the Expert systems with Applications and the International Journal of Knowledge Management.

Hatem Masri is an Associate Professor at the College of Business Administration, in the University of Bahrain, Kingdom of Bahrain. He received his PhD in Management in 2004 and Master in Operations Research in 1999 from the University of Tunis, Tunisia. His research interests include multiple objective stochastic programming, supply chain management, financial engineering, and vehicle routing problems. His research has been published in several international journals (EJOR, ANOR, FSS, IJAR, ...) and funded by the University of Tunis, the University of Nizwa and the University of Bahrain. He is a member of the International Society on Multiple Criteria Decision Making, IEEE and the Tunisian Decision Aid Society. 

Bibliographic information

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