Abstract:We propose the use of multicriteria decision analysis for the valuation of Brazilian banks. In order to model uncertainties, we combine the use of multicriteria decision analysis with fuzzy mathematics. We specifically modify the method Tomada de Decisão Interativa Multicritério (TODIM) to incorporate fuzzy numbers, resulting in a methodology we call TODIM Fuzzy. A six-year data set of audited financial statements is considered to illustrate the use of the methodology when analyzing the six largest (net worth)… Show more
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