Multiple Criteria Decision Making in Finance, Insurance and Investment

"This book is devoted to recent developments and applications of multiple criteria decision aid tools in the field of finance, insurance and investment. It illustrates recent methods and procedures designed to solve problems related to finance, insurance and portfolio selection formulated through a mathematical programming framework and for which a large number of conflicting and incommensurable objectives (criteria, attributes) is simultaneously optimized. The book introduces researchers and practitioners to recent theoretical and methodological developments in multi-attributes portfolio selection, multiple criteria analysis in finance, insurance and investment. It is based on selected and invited papers presented and discussed at the 2013 International Conference on Multidimensional Finance, Insurance and Investment (ICMFII'13), held at the College of Business Administration at the University of Bahrain from 25th to 27th November 2013 with the co-sponsorship of the International Society on Multiple Criteria Decision Making and the Institute for Operations Research and the Management Sciences - MCDM Section."--Back cover Front Matter....Pages i-xiv Multiple Criteria in Islamic Portfolio Selection....Pages 1-7 Multiple Criteria Decision Making and Goal Programming for Optimal Venture Capital Investments and Portfolio Management....Pages 9-30 On Dynamic Multiple Criteria Decision Making Models: A Goal Programming Approach....Pages 31-48 Cross-Frontier DEA Methodology to Evaluate the Relative Performance of Stock and Mutual Insurers: Comprehensive Analysis....Pages 49-75 Canadian Socially Responsible Investment Mutual Funds Performance Evaluation Using Data Envelopment Analysis....Pages 77-133 Scalarization Methods in Multiobjective Optimization, Robustness, Risk Theory and Finance....Pages 135-157 The Multiobjective Nature of Bonus-Malus Systems in Insurance Companies....Pages 159-169 A New Fitness Guided Crossover Operator and Its Application for Solving the Constrained Portfolio Selection Problem....Pages 171-187 BOCR Analysis: A Framework for Forming Portfolio of Developing Projects....Pages 189-204 VIKOR Method with Application to Borrowing Terms Selection....Pages 205-227 Mutual Funds’ Socially Responsible Portfolio Selection with Fuzzy Data....Pages 229-247 Auditing and Game Theory: A Survey....Pages 249-272