Selecting knowledge management strategies by using the analytic network process
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
Choosing knowledge management strategies by using a combined ANP and DEMATEL approach
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
Combined MCDM techniques for exploring stock selection based on Gordon model
Expert Systems with Applications: An International Journal
A value-created system of science (technology) park by using DEMATEL
Expert Systems with Applications: An International Journal
Evaluating vehicle telematics system by using a novel MCDM techniques with dependence and feedback
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
Online reputation management for improving marketing by using a hybrid MCDM model
Knowledge-Based Systems
A new hybrid MCDM model combining DANP with VIKOR to improve e-store business
Knowledge-Based Systems
A quality evaluation model for the design quality of online shopping websites
Electronic Commerce Research and Applications
Exploring smart phone improvements based on a hybrid MCDM model
Expert Systems with Applications: An International Journal
Combining VIKOR-DANP model for glamor stock selection and stock performance improvement
Knowledge-Based Systems
Hi-index | 12.05 |
This research proposes a novel MCDM model, including DEMATEL, ANP, and VIKOR for exploring portfolio selection based on CAPM. We probe into the influential factors and relative weights of risk-free rate, expected market return, and beta of the security. The purpose of this research is to establish an investment decision model and provides investors with a reference of portfolio selection most suitable for investing effects to achieve the greatest returns. Taking full consideration of the interrelation effects among criteria/variables of the decision model, this paper examined leading semiconductor companies spanning the hottest sectors of integrated circuit (IC) design, wafer foundry, and IC packaging by experts. Empirical findings revealed that risk-free rate was affected by budget deficit, discount rate, and exchange rate; expected market return was affected by country risk, industrial structure, and macroeconomic factors; and beta of the security was affected by firm-specific risk and financial risk. Also, the factors of the CAPM possessed a self-effect relationship according to the DEMATEL technique. In the eight evaluation criteria, macroeconomic criterion was the most important factor affecting investment decisions, followed by exchange rate and firm-specific risk. In portfolio selection, leading companies in the wafer foundry industry outperformed those in IC design and IC packaging, becoming the optimal portfolio of investors during the time that this study was conducted.