The Relevance of Mcdm for Financial Decisions

22 Pages Posted: 17 Feb 2003

See all articles by Winfried G. Hallerbach

Winfried G. Hallerbach

Robeco Asset Management, Quantitative Investment Research

J. Spronk

Erasmus Research Institute of Management (ERIM)

Date Written: September 2002 9,

Abstract

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 makingprocess 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.

Keywords: finance, financial decisions, multiple criteria, decision making, decision analysis

JEL Classification: M, G3, G39, C44

Suggested Citation

Hallerbach, Winfried George and Spronk, Jaap, The Relevance of Mcdm for Financial Decisions (September 2002 9,). ERIM Report Series Reference No. ERS-2002-69-F&A. Available at SSRN: https://ssrn.com/abstract=371019

Winfried George Hallerbach

Robeco Asset Management, Quantitative Investment Research ( email )

Weena 850
Rotterdam, 3014 DA
Netherlands
+31102242316 (Phone)

HOME PAGE: http://www.robeco.com/quant

Jaap Spronk (Contact Author)

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

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