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Technical University of Crete
Technical University of Crete
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| URI: | http://purl.tuc.gr/dl/dias/193239A4-98F1-42D0-A398-56E10919F465 | ||
| Year | 2000 | ||
| Type of Item | Peer-Reviewed Journal Publication | ||
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| Bibliographic Citation | M. Doumpos, C. Zopounidis and P. M. Pardalos, "Multicriteria sorting methodology: application to financial decision problems," Parall. Algorithms Applicat., vol. 15, no. 1-2, pp. 113-129, 2000. doi:10.1080/01495730008947352 https://doi.org/10.1080/01495730008947352 | ||
| Appears in Collections |
The primary objective in the sorting approach is to assign a set of alternatives into predefined classes. This type of problem is often encountered in many real world decision problems. During the last two decades several new approaches have been proposed to overcome the shortcomings of traditional statistical and econometric techniques. This paper focuses on the multicriteria decision aid (MCDA) approach; it briefly reviews the main MCDA sorting techniques, and presents the multigroup hierarchical discrimination method. This new MCDA sorting technique is applied to the portfolio selection problem. A comparison with discriminant analysis is also performed. Furthermore, the efficiency of the proposal approach can be easily improved for solving large-scale problems in a multiprocessing environment.
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