Extensions of the analytic hierarchy process in fuzzy environment
Fuzzy Sets and Systems
The Max-Min Delphi method and fuzzy Delphi method via fuzzy integration
Fuzzy Sets and Systems
Fuzzy sets and fuzzy logic: theory and applications
Fuzzy sets and fuzzy logic: theory and applications
A schema to determine basketball defense strategies using a fuzzy expert system
FS'06 Proceedings of the 7th WSEAS International Conference on Fuzzy Systems
WSEAS Transactions on Mathematics
WSEAS Transactions on Information Science and Applications
Rescue plan, bank interest margin and future promised lending: an option-pricing model
WSEAS Transactions on Information Science and Applications
WSEAS Transactions on Information Science and Applications
WSEAS Transactions on Information Science and Applications
A default risk model with multi-loan lending operations: a system of integral scale with scope
WSEAS Transactions on Information Science and Applications
Modeling put-option margin and default risk when labor has a voice in bank governance mechanism
WSEAS Transactions on Mathematics
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The returns and risks of high-yield bond (HYB) lie between the stocks and Treasury bonds. In view of investment opportunities and the rate of return, the advantages of HYB are both lower risks and higher shares. Therefore, HYB has become one of important components in the portfolios. The purpose of this study is to identify critical factors related to the selection of HYB. Primary criteria to evaluate HYB selection are obtained by the literatures survey and applying fuzzy Delphi method (FDM), and then fuzzy analytic hierarchy process (FAHP) is employed to calculate the weights of these criteria, so as to build the fuzzy multicriteria model of HYB investment. The results indicate a greatest weight on the dimension of economic environment, and three critical evaluation criteria related to HYB selection are: (1) spread versus Treasury, (2) bond callability, and (3) default rate indicator.