Over the past decades the complexity of financial decisions has increased rapidly, thus highlighting the importance of developing and implementing sophisticated and efficient quantitative analysis techniques for supporting and aiding financial decision making. Multicriteria decision aid (MCDA), an advanced branch of operations research, provides financial decision makers and analysts with a wide range of methodologies well-suited for the complexity of modern financial decision making. The aim of this chapter is to provide an in-depth presentation of the contributions of MCDA in finance focusing on the methods used, applications, computation, and directions for future research.

Finance, Multicriteria decision aid, Multiple criteria optimization, Outranking relations, Portfolio theory, Preference disaggregation analysis
dx.doi.org/10.1007/978-1-4939-3094-4_24, hdl.handle.net/1765/82070
e-book; not purchased by EUR
Rotterdam School of Management (RSM), Erasmus University

Spronk, J, Steuer, R.E, & Zopounidis, C. (2016). Multicriteria decision aid/analysis in finance. In Multiple Criteria Decision Analysis : State of the Art Surveys. doi:10.1007/978-1-4939-3094-4_24