A portfolio selection using the intuitionistic fuzzy analytic hierarchy process: A case study of the Tehran Stock Exchange

Soheila Senfi ¹

Reza Sheikh ²

Shib Sankar Sana ³

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Master of Business Administration, Shahrood University of Technology, Shahrood, Iran |

Production and Operation Management, Shahrood University of Technology, Shahrood, Iran |

Department of Mathematics, Kishore Bharati Bhagini Nivedita College, Ramkrishna Sarani, Behala, Kolkata-700060, India |

Publication type: Journal Article

Publication date: 2024-04-24

American Institute of Mathematical Sciences (AIMS)

Journal: Green Finance

SJR: —

CiteScore: 9.6

Impact factor: 5.5

ISSN: 26431092

DOI: 10.3934/gf.2024009

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Abstract

<abstract><p>In today's economic world, due to the growth of the capital market, the importance for people to invest has increased. The most important concern for investors is choosing the best portfolio for investment. For complex decisions in which the decision maker is ambiguous, such as portfolio selection, using the multi-criteria decision making (MCDM) technique to prioritize options and decide on the optimal choice is the best solution. In this research, a generalization of this method utilizing the intuitionistic fuzzy analytic hierarchy process (IFAHP) was discussed. Considering the importance of this topic in today's economy, the purpose of this research was to describe and apply the new integrated technique of IFAHP for ranking the portfolio of companies admitted to the Tehran Stock Exchange. For this purpose, using the statistics published by the Tehran Stock Exchange, six companies including Jabra Ben Hayyan, Kaghazsazi Kaveh, Laabiran, Daro Luqman, Pashme Shishe Iran, and Bourse Kala Iran were examined. These companies were the best options for investment according to the charts and indices of the stock exchange at the time of our research. Finally, using the technique mentioned above, we described the evaluation and ranking of portfolios for confident and efficient decision -making.</p></abstract>

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Publisher

American Institute of Mathematical Sciences (AIMS)

Journal

Green Finance

SJR

—

CiteScore

9.6

Impact factor

5.5

ISSN

26431092 (Print)

A portfolio selection using the intuitionistic fuzzy analytic hierarchy process: A case study of the Tehran Stock Exchange

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