IMPROVED AHP-GROUP DECISION MAKING FOR INVESTMENT STRATEGY SELECTION

被引：46
|
作者：
Wu, Wenshuai [1 ]
Kou, Gang [1 ]
Peng, Yi [1 ]
Ergu, Daji [2 ]
机构：
[1] Univ Elect Sci & Technol China, Sch Management & Econ, Chengdu 610054, Peoples R China
[2] SW Univ Nationalities, Chengdu 610200, Peoples R China
来源：
TECHNOLOGICAL AND ECONOMIC DEVELOPMENT OF ECONOMY | 2012年 / 18卷 / 02期
基金：
中国国家自然科学基金;
关键词：
group decision making; Analytic Hierarchy Process; MCDM; investment management; LEAST-SQUARES METHOD; COMPARISON MATRIX; RISK-MANAGEMENT; CRITERIA; MODEL; SUPPORT; ALTERNATIVES; PERFORMANCE;
D O I：
10.3846/20294913.2012.680520
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Investment strategy selection relies heavily on personal experience and behavior. This paper proposes an improved Analytical Hierarchy Process-group decision making (IAHP-GDM) model to reduce investment risk. This model applies the method of least squares to adjust group decision matrix in order to satisfy the property of positive reciprocal matrix in AHP. In addition, five experts from related fields are invited to evaluate investment risk that takes group wisdom to eliminate personal bias. An empirical study is conducted to compare the proposed model to AHP for group decision making model. The results show that the IAHP-GDM model is not only accurate and effective, but also consistent with realistic investment environment.
引用
收藏
页码：299 / 316
页数：18
相关论文
共 50 条
  • [21] Geometric Compatibility Indexes in a Local AHP-Group Decision Making Context: A Framework for Reducing Incompatibility
    Aguaron, Juan
    Escobar, Maria Teresa
    Moreno-Jimenez, Jose Maria
    Turon, Alberto
    MATHEMATICS, 2022, 10 (02)
  • [22] Research and Application on Improved group decision making AHP algorithm
    Zhang, Jiandong
    Yang, Jin
    Ma, Xuan
    Gong, Juanjuan
    INDUSTRIAL INSTRUMENTATION AND CONTROL SYSTEMS II, PTS 1-3, 2013, 336-338 : 1656 - +
  • [23] Decision Making With AHP For Selection Of Employee
    Sari, Ria Eka
    Meizar, Abdul
    Tanjung, Dahriani Hakim
    Nugroho, Ahir Yugo
    2017 5TH INTERNATIONAL CONFERENCE ON CYBER AND IT SERVICE MANAGEMENT (CITSM 2017), 2017, : 351 - 355
  • [24] Group Decision Making for Hazard Analysis and Consequence Modelling Software Selection with AHP
    Cetinyokus, Saliha
    Caliskan, Emre
    Aksakal, Erdem
    Cetinyokus, Tahsin
    IRANIAN JOURNAL OF CHEMISTRY & CHEMICAL ENGINEERING-INTERNATIONAL ENGLISH EDITION, 2020, 39 (03): : 303 - 318
  • [25] Investment Decision Making Using Fuzzy Logic and Ahp
    Ribeiro, Lucas Matheus
    Oliveira, Selma Regina M.
    NEW TECHNOLOGIES, DEVELOPMENT AND APPLICATION VII, VOL 2, NT-2024, 2024, 1070 : 445 - 454
  • [26] Decision making on selection of investment project
    Bahitov, RR
    Korobeinikov, NY
    NEFTYANOE KHOZYAISTVO, 2001, (01): : 34 - 35
  • [27] Comparison of the AHP and ANP approach to Investment Decision Making
    Chalupkova, Eva
    Franek, Jiri
    MATHEMATICAL METHODS IN ECONOMICS 2013, PTS I AND II, 2013, : 303 - 308
  • [28] AHP-Based Group Decision Making Approach to Supplier Selection of Irrigation Equipment
    Dragincic, Jovana
    Vranesevic, Milica
    WATER RESOURCES, 2014, 41 (06) : 782 - 791
  • [29] Group decision making in a multiple criteria environment: A case using the AHP in software selection
    Lai, VS
    Wong, BK
    Cheung, WM
    EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 2002, 137 (01) : 134 - 144
  • [30] AHP-based group decision making approach to supplier selection of irrigation equipment
    Jovana Draginčić
    Milica Vranešević
    Water Resources, 2014, 41 : 782 - 791
12345