Open AccessInvestment Portfolio Formation Using Multi-criteria evaluation Method MULTIMOORA
Author(s) -
Vilius Vaišvilas,
Raimonda Martinkutė Kaulienė
Publication year - 2017
Publication title -
mokslas - lietuvos ateitis
Language(s) - English
Resource type - Journals
eISSN - 2029-2341
pISSN - 2029-2252
DOI - 10.3846/mla.2017.1018
Subject(s) - ranking (information retrieval) , portfolio , idealization , investment (military) , evaluation methods , computer science , investment strategy , risk analysis (engineering) , operations research , actuarial science , economics , business , microeconomics , mathematics , engineering , reliability engineering , financial economics , artificial intelligence , profit (economics) , physics , quantum mechanics , politics , political science , law
Information that has to be analyzed by investors is complicated and can be interpreted differently by different people, which is why choosing what should be added to the investment portfolio is complicated task. Complexity grows substantially when there are more alternatives to choose from. Multi – criteria evaluation method can be used to choose the best alternatives. Multi–criteria evaluation method MULTIMOORA is not subjective because there is no need to decide ratio of any given variable that is evaluated. MULTIMOORA consists of: formation of ratio system, application of multi – criteria evaluation method as well as investment evaluation and ranking. Purpose of this article is to apply multi – criteria evaluation method MULTIMOORA for the formation and management of investment portfolio from stocks of the Baltic stock market companies. Methods used in the analysis for the article: analysis of scientific literature, statistical analysis, organization and comparison of data, idealization, calculations of MULTIMOORA