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J. Spronk (Jaap) and W.G.P.M. Hallerbach (Winfried)

2002-09-09

The Relevance of MCDM for Financial Decisions

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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.

Additional Metadata
Keywords decision analysis, decision making, finance, financial decisions, multiple criteria
JEL Statistical Decision Theory; Operations Research (jel C44), Corporate Finance and Governance (jel G3), Corporate Finance and Governance: Other (jel G39), Business Administration and Business Economics; Marketing; Accounting (jel M)
Publisher Erasmus Research Institute of Management
Persistent URL hdl.handle.net/1765/223
Series ERIM Report Series Research in Management
Rights Copyright 2002, J. Spronk, W. Hallerbach, This report in the ERIM Report Series Research in Management is intended as a means to communicate the results of recent research to academic colleagues and other interested parties. All reports are considered as preliminary and subject to possibly major revisions. This applies equally to opinions expressed, theories developed, and data used. Therefore, comments and suggestions are welcome and should be directed to the authors.
Organisation Erasmus Research Institute of Management
Citation
Spronk, J., & Hallerbach, W. (2002). The Relevance of MCDM for Financial Decisions (No. ERS-2002-69-F&A). ERIM Report Series Research in Management. Retrieved from http://hdl.handle.net/1765/223
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