Fund allocation using capacitated vehicle routing problem

Mamat, Nur Jumaadzan Zaleha; Jaaman, Saiful Hafizah; Ahmad, Rokiah Rozita; Darus, Maslina

doi:10.1063/1.4894343

Cited by 4 publications

(2 citation statements)

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“…Given a fund, a time horizon and a group of activities competing for the fund, a decision maker must decide how to allocate it to activities for that period of time. According to Mamat et al (2014), a sequential allocation process (one stage at a time) is more convenient since an investor can minimize risk by previously knowing the sequence of investment. The coloured-edge chain graph modelling approach addresses this issue, as nodes represent time stages, colours identify activities (projects, departments, areas, etc.)…”

Section: Coloured-edge Chain Graph and Fund Allocationmentioning

confidence: 99%

“…As far as the literature is concerned, approaches based on graphs have been rarely used in the context of the Pareto fund allocation problem. This work addresses the problem of fund allocation when allocation decisions are sequentially made (Mamat et al, 2014). The aim is to develop a graph model capable of determining Pareto efficient allocations.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Determining Pareto Efficiency in Found Allocation Problems: an Approach Based on Coloured-edge Chain Graphs

Lillo¹,

Santander²,

García³

et al. 2020

R. Econ. and Finan.

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The allocation of limited funds to competing activities is a well-known problem in economics and finance. Current modelling approaches for this problem are application specific and mathematically complex. This paper introduces a straightforward modelling approach based on a coloured-edge chain graph. The approach elicits a set of Pareto efficient allocations whose cardinality is theoretically studied. Additionally, the applicability of the model is illustrated through a case-study based on the chilean pension system. We conclude that despite intractability, the approach can tackle problem in practice since worst-case instances are unlikely to occur.

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Section: Coloured-edge Chain Graph and Fund Allocationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%