### Abstract

Language | English |
---|---|

Title of host publication | Portfolio Decision Analysis |

Subtitle of host publication | Improved Methods for Resource Allocation |

Editors | Ahti Salo, Jeffrey Keisler, Alec Morton |

Place of Publication | 9781441999429 |

Publisher | Springer-Verlag |

Pages | 107-130 |

Number of pages | 24 |

DOIs | |

Publication status | Published - 2011 |

### Fingerprint

### Keywords

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

### Cite this

*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

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*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.

Research output: Chapter in Book/Report/Conference proceeding › Chapter

TY - CHAP

T1 - Interactive multicriteria methods in portfolio decision analysis

AU - Argyris, Nikolaos

AU - Figueira, José Rui

AU - Morton, Alec

PY - 2011

Y1 - 2011

N2 - 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.

AB - 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.

KW - operations research

KW - financial economics

KW - management science

KW - interactive

KW - multicriteria methods

KW - portfolio decision analysis

U2 - 10.1007/978-1-4419-9943-6_5

DO - 10.1007/978-1-4419-9943-6_5

M3 - Chapter

SP - 107

EP - 130

BT - Portfolio Decision Analysis

A2 - Salo, Ahti

A2 - Keisler, Jeffrey

A2 - Morton, Alec

PB - Springer-Verlag

CY - 9781441999429

ER -