Portfolio Model Considering Normal Uncertain Preference Relations of Investors
The paper examines the application of uncertainty theory to portfolio decision making, specifically focusing on constructing portfolio models based on uncertain preference relations. Firstly, we establish the theoretical foundation by introducing the theory of uncertainty, which includes uncertain m...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2025-05-01
|
| Series: | Entropy |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1099-4300/27/6/585 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849472158610227200 |
|---|---|
| author | Yu Zhou Chun Yan Xiangrong Wang |
| author_facet | Yu Zhou Chun Yan Xiangrong Wang |
| author_sort | Yu Zhou |
| collection | DOAJ |
| description | The paper examines the application of uncertainty theory to portfolio decision making, specifically focusing on constructing portfolio models based on uncertain preference relations. Firstly, we establish the theoretical foundation by introducing the theory of uncertainty, which includes uncertain measure and normal uncertain distribution. Then, building upon Markowitz portfolio theory, we propose an uncertain preference relation prioritization model with chance constraints and an additive consistency portfolio model to facilitate rational decision making in a complex and uncertain financial environment. Furthermore, empirical analysis validates our model’s feasibility, demonstrating its advantages in maximizing returns and minimizing risks. |
| format | Article |
| id | doaj-art-fe1b08b413fb42799d456f5504ec2476 |
| institution | Kabale University |
| issn | 1099-4300 |
| language | English |
| publishDate | 2025-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Entropy |
| spelling | doaj-art-fe1b08b413fb42799d456f5504ec24762025-08-20T03:24:36ZengMDPI AGEntropy1099-43002025-05-0127658510.3390/e27060585Portfolio Model Considering Normal Uncertain Preference Relations of InvestorsYu Zhou0Chun Yan1Xiangrong Wang2College of Mathematics and Systems Science, Shandong University of Science and Technology, Qingdao 266590, ChinaCollege of Mathematics and Systems Science, Shandong University of Science and Technology, Qingdao 266590, ChinaCollege of Mathematics and Systems Science, Shandong University of Science and Technology, Qingdao 266590, ChinaThe paper examines the application of uncertainty theory to portfolio decision making, specifically focusing on constructing portfolio models based on uncertain preference relations. Firstly, we establish the theoretical foundation by introducing the theory of uncertainty, which includes uncertain measure and normal uncertain distribution. Then, building upon Markowitz portfolio theory, we propose an uncertain preference relation prioritization model with chance constraints and an additive consistency portfolio model to facilitate rational decision making in a complex and uncertain financial environment. Furthermore, empirical analysis validates our model’s feasibility, demonstrating its advantages in maximizing returns and minimizing risks.https://www.mdpi.com/1099-4300/27/6/585uncertain preference relationshipadditive consistencynormal uncertainty distributionportfolio models |
| spellingShingle | Yu Zhou Chun Yan Xiangrong Wang Portfolio Model Considering Normal Uncertain Preference Relations of Investors Entropy uncertain preference relationship additive consistency normal uncertainty distribution portfolio models |
| title | Portfolio Model Considering Normal Uncertain Preference Relations of Investors |
| title_full | Portfolio Model Considering Normal Uncertain Preference Relations of Investors |
| title_fullStr | Portfolio Model Considering Normal Uncertain Preference Relations of Investors |
| title_full_unstemmed | Portfolio Model Considering Normal Uncertain Preference Relations of Investors |
| title_short | Portfolio Model Considering Normal Uncertain Preference Relations of Investors |
| title_sort | portfolio model considering normal uncertain preference relations of investors |
| topic | uncertain preference relationship additive consistency normal uncertainty distribution portfolio models |
| url | https://www.mdpi.com/1099-4300/27/6/585 |
| work_keys_str_mv | AT yuzhou portfoliomodelconsideringnormaluncertainpreferencerelationsofinvestors AT chunyan portfoliomodelconsideringnormaluncertainpreferencerelationsofinvestors AT xiangrongwang portfoliomodelconsideringnormaluncertainpreferencerelationsofinvestors |