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The relevance of MCDM for financial decisions
Author(s) -
Hallerbach Winfried G.,
Spronk Jaap
Publication year - 2002
Publication title -
journal of multi‐criteria decision analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.462
H-Index - 47
eISSN - 1099-1360
pISSN - 1057-9214
DOI - 10.1002/mcda.328
Subject(s) - multiple criteria decision analysis , relevance (law) , quality (philosophy) , decision process , management science , finance , process (computing) , field (mathematics) , actuarial science , business , risk analysis (engineering) , economics , computer science , operations research , political science , engineering , mathematics , epistemology , philosophy , pure mathematics , operating system , law
For people working in finance, either in academia or in practice or in both, the combination of ‘finance’ and ‘multiple criteria’ is not obvious. However, we believe that many of the tools developed in the field of MCDM can contribute both to the quality of the financial economic decision making process and to the quality of the resulting decisions. In this paper we answer the question why financial decision problems should be considered as multiple criteria decision problems and should be treated accordingly. Copyright © 2003 John Wiley & Sons, Ltd.