运用层次分析法和数字分类法进行投资组合选择:以伊朗为例

F. R. Roodposhti, Mohammad Bahrani Jahromi, Sahar Kamalzadeh
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引用次数: 1

摘要

尽管有大量不同的模型用于解决最优投资组合问题,但选择包含不同行业证券的投资组合问题仍然是学术界讨论的问题。在选择股票时,评估公司的财务业绩可能是一个至关重要的问题。本文的目的是开发一个模型,通过使用财务比率来评估企业的绩效,同时考虑到决策者的主观判断。该方法基于层次分析法(AHP)和数值分类法。决策者采用层次分析法确定各指标的权重,然后通过数值分类法确定企业的排名。该模型是用来评估业绩的公司在德黑兰证券交易所使用他们的财务比率。然后根据他们的结果确定公司的排名。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Portfolio selection using analytic hierarchy process and numerical taxonomy analysis: case study of Iran
In spite of a large number of different models used to solve the problem of optimal portfolio selection, the problem of choosing a portfolio containing securities from different industries is still a matter of discussion among academics. Evaluating financial performance of the firm can be a crucial issue in selecting stocks. The purpose of this paper is to develop a model for evaluating the performance of firms by using financial ratios and at the same time, taking subjective judgements of decision makers into account. The proposed approach is based on analytic hierarchy process (AHP) and numerical taxonomy methods. AHP is used in determining the weights of criteria by decision makers and then rankings of the firms are determined through numerical taxonomy. The model is used for evaluating performance of firms in Tehran Stock Exchange by using their financial ratios. Then the rankings of the firms are determined according to their results.
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