The Relevance of MCDM for Financial Decisions
2002-09-09
Research Paper
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For people working in finance, either in academia or in practice or in both, the combination of ?finance? and ?multiple criteria? is not obvious. However, we believe that many of the tools developed in the field of MCDM can contribute both to the quality of the financial economic decision making process and to the quality of the resulting decisions. In this paper we answer the question why financial decision problems should be considered as multiple criteria decision problems and should be treated accordingly.
Keywords
Classifications using
Journal of Economic Literature (JEL) Classification System
- G3 : Corporate Finance and Governance
- G39 : Corporate Finance and Governance: Other
- C44 : Statistical Decision Theory; Operations Research
- M : Business Administration and Business Economics; Marketing; Accounting
Automatically Extracted Terms
- decision
- problem
- return
- market
- objective
- management
- investor
- value
- portfolio
- investment
- finance
- decision context
- future
- attribute
- security
- example
- future cash flows
- criteria
- cash flows
- journal
