A hybrid approach to asset allocation with simultaneous consideration of suitability and optimality

Gupta, Pankaj; Mehlawat, Mukesh Kumar; Saxena, Anand

doi:10.1016/j.ins.2010.02.007

Cited by 41 publications

(29 citation statements)

References 40 publications

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“…AHP had been used for the selection of location whereas PROMETHEE had been used for final ranking of those selected locations. Gupta et al [2] applied AHP for asset allocation problem. The method used for the purpose is actually a hybrid process which combined behavior survey and cluster analysis with AHP.…”

Section: Literature Reviewmentioning

confidence: 99%

Applying Fuzzy Promethee Multi-Criteria Technique for Supplier Ranking Problem

2016

Arimpie - 2016

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Abstract-This paper applies fuzzy PROMETHEE outrankingMulti-Criteria Decision Analysis Method to solve Supplier ranking problem. The triangular fuzzy concept is applied in order to find the weights of the criteria on the basis of which the suppliers are ranked. In this paper, a total of five criteria have been considered to rank the suppliers. These criteria are -1) experience of the suppliers, 2) quality of the products, 3) delay in delivering the products, 4) the prices of the products and 5) miscellaneous costs. Based on the data on these criteria on each of these suppliers, the preference values and index are first calculated for pair-wise comparison and finally the outranking flows are calculated which indicates the final rankings of the suppliers.

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Section: Literature Reviewmentioning

confidence: 99%

Applying Fuzzy Promethee Multi-Criteria Technique for Supplier Ranking Problem

2016

Arimpie - 2016

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“…The characteristics of each product have been adapted from the FEF ontology [42] and the taxonomy of Gupta el al. [32]. Each financial product is thus labeled according to the common vocabulary defined by the ontology depicted in Figure 5.…”

Section: Investment Categorizationmentioning

confidence: 99%

“…While Yan provides a bifuzzy approach for selecting portfolios with a given degree of risk tolerance [81], Gupta et al present a hybrid approach for simultaneously considering optimal asset allocation and suitability issues [32]. Ghazinoorya et al recommend portfolio products based on the concept of portfolio matrices combined with fuzzy logic [26], although this approach does not explicitly consider the psycho-social aspects of the investor.…”

Section: Introductionmentioning

confidence: 99%

SINVLIO: Using semantics and fuzzy logic to provide individual investment portfolio recommendations

García-Crespo

López-Cuadrado

González‐Carrasco

et al. 2012

Knowledge-Based Systems

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“…The characteristics of each product have been adapted from the FEF ontology [45] and the taxonomy of Gupta el al. [36]. Thus, each financial product is labeled according to a common vocabulary.…”

Section: Semantic Component Investor and Investment Categorizationmentioning

confidence: 99%

“…Furthermore, several authors have recommended the incorporation of fuzzy theory into the interpretation of portfolio matrices to assist managers in different scenarios and tasks, e.g. [31,36,53,54,59,73,77].…”

Section: Psychologically-conservative ð3þmentioning

confidence: 99%

PB-ADVISOR: A private banking multi-investment portfolio advisor

González‐Carrasco

Colomo‐Palacios

López-Cuadrado

et al. 2012

Information Sciences

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a b s t r a c tPrivate banking is a business area in which the investor requires tailor-made advice. Because of the current market situation, investors are requiring answers to difficult questions and looking for assurance from wealth managers. Private bankers need to have deep knowledge about an innumerable list of products and their characteristics as well as the suitability of each product for the client's characteristics to be able to offer an optimal portfolio according to client expectations. Client and portfolio diversity calls for new recommendation and advice systems focused on their specific characteristics. This paper presents PB-ADVISOR, a system aimed at recommending investment portfolios based on fuzzy and semantic technologies to private bankers. The proposed system provides private bankers with a powerful tool to support their decision process and help deal with complex investment portfolios. The system has been evaluated in a real scenario obtaining promising results.

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A hybrid approach to asset allocation with simultaneous consideration of suitability and optimality

Cited by 41 publications

References 40 publications

Applying Fuzzy Promethee Multi-Criteria Technique for Supplier Ranking Problem

Applying Fuzzy Promethee Multi-Criteria Technique for Supplier Ranking Problem

SINVLIO: Using semantics and fuzzy logic to provide individual investment portfolio recommendations

PB-ADVISOR: A private banking multi-investment portfolio advisor

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