IMPROVED AHP-GROUP DECISION MAKING FOR INVESTMENT STRATEGY SELECTION

被引：46
|
作者：
Wu, Wenshuai [1 ]
Kou, Gang [1 ]
Peng, Yi [1 ]
Ergu, Daji [2 ]
机构：
[1] Univ Elect Sci & Technol China, Sch Management & Econ, Chengdu 610054, Peoples R China
[2] SW Univ Nationalities, Chengdu 610200, Peoples R China
来源：
TECHNOLOGICAL AND ECONOMIC DEVELOPMENT OF ECONOMY | 2012年 / 18卷 / 02期
基金：
中国国家自然科学基金;
关键词：
group decision making; Analytic Hierarchy Process; MCDM; investment management; LEAST-SQUARES METHOD; COMPARISON MATRIX; RISK-MANAGEMENT; CRITERIA; MODEL; SUPPORT; ALTERNATIVES; PERFORMANCE;
D O I：
10.3846/20294913.2012.680520
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Investment strategy selection relies heavily on personal experience and behavior. This paper proposes an improved Analytical Hierarchy Process-group decision making (IAHP-GDM) model to reduce investment risk. This model applies the method of least squares to adjust group decision matrix in order to satisfy the property of positive reciprocal matrix in AHP. In addition, five experts from related fields are invited to evaluate investment risk that takes group wisdom to eliminate personal bias. An empirical study is conducted to compare the proposed model to AHP for group decision making model. The results show that the IAHP-GDM model is not only accurate and effective, but also consistent with realistic investment environment.
引用
收藏
页码：299 / 316
页数：18
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