Interactive multicriteria methods in portfolio decision analysis

Nikolaos Argyris, José Rui Figueira, Alec Morton

Research output: Chapter in Book/Report/Conference proceedingChapter

5 Citations (Scopus)

Abstract

Decision Analysis is a constructive, learning process. This is particularly true of Portfolio Decision Analysis (PDA) where the number of elicitation judgements is typically very large and the alternatives under consideration are a combinatorial set and so cannot be listed and examined explicitly. Consequently, PDA is to some extent an interactive process. In this chapter we discuss what form that interactivity might take, discussing first of all how the process of asking for judgements should be staged and managed, and secondly what assumptions should be made about the substantive value models which the analyst assumes. To make the discussion concrete, we present two interactive procedures based on extended dominance concepts which assume linear additive and concave piecewise-linear additive value functions, respectively.
LanguageEnglish
Title of host publicationPortfolio Decision Analysis
Subtitle of host publicationImproved Methods for Resource Allocation
EditorsAhti Salo, Jeffrey Keisler, Alec Morton
Place of Publication9781441999429
PublisherSpringer-Verlag
Pages107-130
Number of pages24
DOIs
Publication statusPublished - 2011

Fingerprint

Multicriteria methods
Decision analysis
Interactivity
Learning process
Value function
Analysts

Keywords

  • operations research
  • financial economics
  • management science
  • interactive
  • multicriteria methods
  • portfolio decision analysis

Cite this

Argyris, N., Figueira, J. R., & Morton, A. (2011). Interactive multicriteria methods in portfolio decision analysis. In A. Salo, J. Keisler, & A. Morton (Eds.), Portfolio Decision Analysis: Improved Methods for Resource Allocation (pp. 107-130). 9781441999429: Springer-Verlag. https://doi.org/10.1007/978-1-4419-9943-6_5
Argyris, Nikolaos ; Figueira, José Rui ; Morton, Alec. / Interactive multicriteria methods in portfolio decision analysis. Portfolio Decision Analysis: Improved Methods for Resource Allocation. editor / Ahti Salo ; Jeffrey Keisler ; Alec Morton. 9781441999429 : Springer-Verlag, 2011. pp. 107-130
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Argyris, N, Figueira, JR & Morton, A 2011, Interactive multicriteria methods in portfolio decision analysis. in A Salo, J Keisler & A Morton (eds), Portfolio Decision Analysis: Improved Methods for Resource Allocation. Springer-Verlag, 9781441999429, pp. 107-130. https://doi.org/10.1007/978-1-4419-9943-6_5

Interactive multicriteria methods in portfolio decision analysis. / Argyris, Nikolaos; Figueira, José Rui; Morton, Alec.

Portfolio Decision Analysis: Improved Methods for Resource Allocation. ed. / Ahti Salo; Jeffrey Keisler; Alec Morton. 9781441999429 : Springer-Verlag, 2011. p. 107-130.

Research output: Chapter in Book/Report/Conference proceedingChapter

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AU - Morton, Alec

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Argyris N, Figueira JR, Morton A. Interactive multicriteria methods in portfolio decision analysis. In Salo A, Keisler J, Morton A, editors, Portfolio Decision Analysis: Improved Methods for Resource Allocation. 9781441999429: Springer-Verlag. 2011. p. 107-130 https://doi.org/10.1007/978-1-4419-9943-6_5