Multi-choice Goal Programming for Portfolio Selection
Date Issued
2008
Date
2008
Author(s)
Lin, Shih-chi
Abstract
This study aimed at the investment portfolio decision-making optimum by using Multi-choice Goal Programming (MCGP). The MCGP optimal portfolio decision-making model is concerning fundamental analysis, technical analysis, institutional analysis, and investors’ aspiration level. Its important conclusions are as follows:. The MCGP investment model applied for portforlio seletion can improve the weakness that GP model can not solved multi-crieterion and multi-objectives problems in the portforlio seletion decisions.. Through MCGP investment model, the inner subjective feelings of investors can be objectively expressed by setting different aspiration level.. Investor’s inner subjective feelings can be long-term track and be tested to understand their investment properties. In addition, in different economic environment it can simulate to choose stock results.. In the future, using investors’ own understanding on economic situation, knowledge and experience; they can use MCGP model to adjust their criteria or aspiration level. . Investors can use the set MCGP investment model to avoid the emotional impact of irrational investment decisions. . MCGP investment model can be used for different types of investors’ demands to meet the optimum portfolio selection chosen for the flexibility. . The analyst can use to provide investment recommendations to reduce investment disputes for customers.
Subjects
Multi-choice Goal Programming (MCGP)
Goal Programming
Muti-choice decision making
Portfolio Selection
Investment
Type
thesis
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