Analysis of decision making factors for equity investment by DEMATEL and Analytic Network Process

Lee, Wen-Shiung; Huang, Alex YiHou; Chang, Yong-Yang; Cheng, Chiao-Ming

doi:10.1016/j.eswa.2011.01.027

Cited by 149 publications

(86 citation statements)

References 44 publications

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“…En los últimos años un aumento de la aplicación del ANP se evidencia en la producción científica; algunos ejemplos se pueden apreciar en Wang et al (2006), Yüksel & Dagdeviren (2010), Hernández et al (2010), Hsu et al (2011) y Lee et al (2011, todos estos en diferentes áreas del conocimiento lo que da idea del éxito que ha tenido esta herramienta a nivel mundial. Según Lakatos & Marconi (1986), el problema de pesquisa se relaciona al análisis de un tema o laguna del conocimiento que todavía no tiene solución.…”

Section: Métodos Multi-criteriounclassified

Procedimiento para la evaluación del desempeño ambiental: aplicación em el sector energético cubano

et al. 2015

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Abstract:The present article proposes a structured approach to assessing environmental performance through a procedure that establishes a course of action to complete the evaluation of corporate environmental performance, integrating environmental indicators that respond to major policies and strategies. The Resumen: El artículo propone un abordaje estructurado para evaluar el desempeño ambiental a través de un procedimiento que establece una línea de acción para realizar la evaluación del desempeño ambiental de empresas cubanas, integrando indicadores ambientales que responden a las principales políticas y estrategias. La propuesta tiene como objetivo presentar contribuciones teóricas para la evaluación del desempeño ambiental empresarial en el entorno de Cuba, para complementar la evaluación con medidas de resultados del desempeño ambiental y garantizar la eficacia de las políticas, estrategias y metas. La propuesta surge de la carencia de instrumentos metodológicos que permitan la selección, agrupamiento, integración y evaluación de indicadores ambientales que permitan evaluar el desempeño ambiental garantizando la eficacia de las políticas, estrategias y metas. El procedimiento facilita la selección de indicadores ambientales tomando como base las estrategias y principales cuestiones ambientales, modelos de integración y herramientas tales como ISO 14031, el Balanced Scorecard (BSC) y métodos para la toma de decisiones multicriterio, específicamente el Analytic Network Process. También se propone en el trabajo la obtención de un valor único de desempeño ambiental global, con base en el nivel de cumplimiento de las metas y los indicadores ambientales definidos inicialmente. Para la validación del procedimiento se aplicó en cuatro pequeñas y medianas centrales eléctricas, donde además de evaluar el desempeño ambiental, fue posible identificar los puntos críticos y oportunidades de mejora para re direccionar los esfuerzos y resolver los principales puntos críticos. Apoyo financiero: Parte de esta investigación esta soportada por el proyecto "Desarrollo de herramientas informáticas para soportar la gestión del desarrollo sustentable y el Cambio Climático en territorios y ecosistemas cubanos" (código P211LH001013), perteneciente al programa nacional, Cambio Climático en Cuba: impactos, mitigación y adaptación de la Agencia de Medio Ambiente.

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Section: Métodos Multi-criteriounclassified

Procedimiento para la evaluación del desempeño ambiental: aplicación em el sector energético cubano

et al. 2015

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“…Falatoonitoosi et al [30] proposed evaluation indicators about the green supply chain and then adopted DEMATEL to evaluate the greenness of suppliers. The DEMATEL method was also used to evaluate the green corporate social responsibility of manufacturing enterprises [31] and to analyze critical criteria for the decision making of an equity investment [18]. In order to reduce subjective bias in the DEMATEL method, fuzzy set theory has been introduced in this method.…”

Section: The Application Of Dematel Methods In Identifying Important Fmentioning

confidence: 99%

“…DEMATEL (Decision Making Trial and Evaluation Laboratory) has been considered an effective way to handle the inner dependences within criteria. It can show the causal relationships as well as the influencing strength among elements by structural modeling techniques, and is thus suitable for identifying critical factors in complex system [11,[13][14][15][16][17][18].…”

Section: Introductionmentioning

confidence: 99%

Identifying Critical Factors in the Eco-Efficiency of Remanufacturing Based on the Fuzzy DEMATEL Method

2015

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Remanufacturing can bring considerable economic and environmental benefits such as cost saving, conservation of energy and resources, and reduction of emissions. With the increasing awareness of sustainable manufacturing, remanufacturing gradually becomes the research priority. Most studies concentrate on the analysis of influencing factors, or the evaluation of the economic and environmental performance in remanufacturing, while little effort has been devoted to investigating the critical factors influencing the eco-efficiency of remanufacturing. Considering the current development of the remanufacturing industry in China, this paper proposes a set of factors influencing the eco-efficiency of remanufacturing and then utilizes a fuzzy Decision Making Trial and Evaluation Laboratory (DEMATEL) method to establish relation matrixes reflecting the interdependent relationships among these factors. Finally, the contributions of each factor to eco-efficiency and mutual influence values among them are obtained, and critical factors in eco-efficiency of remanufacturing are identified. The results of the present work can provide theoretical supports for the government to make appropriate policies to improve the eco-efficiency of remanufacturing.

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“…Chen and Hung (2009) proposed another decisionmaking method for stock portfolio selection based on computing with linguistic assessment. Lee et al (2011) discussed that existing methodologies of equity investment, such as fundamental analysis, technical analysis, and institutional investor analysis, could explore some important factors of stock price behaviors. They provided the first analysis on the interactive relationships among the factors in incorporating the methods of Decision Making Trial and Evaluation Laboratory (DEMATEL) and Analytic Network Process (ANP).…”

Section: Introductionmentioning

confidence: 99%

Portfolio optimization using a hybrid of fuzzy ANP, VIKOR and TOPSIS

Raei¹,

Jahromi²

2012

MSL

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One of the primary questions in asset management is to find good combinations of different assets and this has been an interesting area of research for over half a century. The proposed model of this paper uses decision makers' feedbacks based on multiple criteria decision making technique to find an appropriate portfolio. We first select some important financial criteria and then using decision makers' opinions and by implementation of some fuzzy analytical network analysis we find appropriate weights of the asset. The proposed model uses two multiple criteria techniques namely TOPSIS and VIKOR and the model is examined for some real-world data from Tehran Stock Exchange. The results of the implementation of the proposed model have been examined against Markowitz traditional model. The preliminary results indicate that the proposed model of this paper performs reasonably well compared with alternative method.

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Analysis of decision making factors for equity investment by DEMATEL and Analytic Network Process

Cited by 149 publications

References 44 publications

Procedimiento para la evaluación del desempeño ambiental: aplicación em el sector energético cubano

Procedimiento para la evaluación del desempeño ambiental: aplicación em el sector energético cubano

Identifying Critical Factors in the Eco-Efficiency of Remanufacturing Based on the Fuzzy DEMATEL Method

Portfolio optimization using a hybrid of fuzzy ANP, VIKOR and TOPSIS

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