Project Portfolio Selection Using MCDM And AHP Techniques

Multiple-criteria decision-making (MCDM) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision makingIn order to decide which of the proposed projects should be retained in the final project portfolio, numerous conflicting criteria must be considered. They include economic, personnel development and corporate image.The portfolio selection decision is a fundamental problem in financial investment where the future performance of assets is usually uncertain, but can be related to different attributes and factors. So MCDM has a large potential to contribute in portfolio selection decisions. The AHP is one of the most popular MCDM methods. The AHP is a decision support tool which can be used to solve complex decision problems.The analysis shows that optimal portfolios based on the proposed model dominate the market portfolios. This demonstrates the relevance and usefulness of MCDM in a portfolio selection context.The current study provides a categorised bibliography on the application of the techniques of multiple criteria decision making (MCDM) to the problems and issues of portfolio management.

کلیدواژه ها:

Portfolio ، MCDM ، Financial investment ، Decision making