Inhaltszusammenfassung

Personal Financial Planning (PFP) is the preparation of target-oriented decisions concerning assets, incomes, and expenses. As people have different preferences for different financial goals, and the goals are flexible, PFP is a Multicriteria Decision Analysis (MCDA) problem that is often addressed by trial calculations under different scenarios. We provide an MCDA model to derive a financial plan that maximizes the value of the expenses for a decision maker with respect to height, time, and ...Personal Financial Planning (PFP) is the preparation of target-oriented decisions concerning assets, incomes, and expenses. As people have different preferences for different financial goals, and the goals are flexible, PFP is a Multicriteria Decision Analysis (MCDA) problem that is often addressed by trial calculations under different scenarios. We provide an MCDA model to derive a financial plan that maximizes the value of the expenses for a decision maker with respect to height, time, and type preferences. Specifically, we show how the problem can be solved through a mixed integer programming approach where the weights for the mathematical program are determined with the help of the Analytic Hierarchy Process.» weiterlesen» einklappen

Autoren

Klassifikation

DFG Fachgebiet:
Wirtschaftswissenschaften

DDC Sachgruppe:
Wirtschaft