Abstract
The multiple criteria decision-making (MCDM) modeling framework provides a solid methodological basis to resolve the inherent multidimensional nature of the problem. It has the advantage of incorporating into the decision process,the preferences of any particular investor. Traditional theoretical approaches do not take the investor’s specialized individual goals into account sufficiently. The MCDM framework builds realistic models by assessing, in addition to the two basic criteria of return and risk, a number of other criteria.
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Xidonas, P., Mavrotas, G., Krintas, T., Psarras, J., Zopounidis, C. (2012). Portfolio Performance Evaluation. In: Multicriteria Portfolio Management. Springer Optimization and Its Applications(), vol 69. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-3670-6_5
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DOI: https://doi.org/10.1007/978-1-4614-3670-6_5
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