A hybrid MCDM approach for evaluating the financial performance of public sector banks in India
14 Sep 2021-International Journal of Business Excellence (Inderscience Publishers (IEL))-Vol. 24, Iss: 4, pp 481
TL;DR: Sustainability and development of banking system results in stable and efficient economic performance of the country as discussed by the authors. Accurate utilisation of financial resources aids in maintaining a smooth flow o...
Abstract: Sustainability and development of banking system results in stable and efficient economic performance of the country. Accurate utilisation of financial resources aids in maintaining a smooth flow o...
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TL;DR: In this paper, the authors examined the perceptions of investors about various investment avenues before and during the period of extreme uncertainty caused by the COVID-19 pandemic and found that the risk and return expectations of investors have changed, leading them to reallocate their portfolios.
Abstract: Covid-19 has impacted the financial markets dramatically. The risk and return expectations of investors have changed, leading them to reallocate their portfolios. This paper aims to analyse the impact of Covid-19 on the portfolio allocation decisions of individual investors. The study examines the perceptions of investors about various investment avenues before and during the period of extreme uncertainty caused by the COVID-19 pandemic. The data were collected from individual investors residing in Delhi and Mumbai. AHP is used to rank the investment preferences of the respondents. The results show that due to the present financial crisis pertaining to COVID-19, investors have started reallocating their portfolios. Since the returns on risky assets are not as expected, investors are moving towards a conservative portfolio. However, the case of transition from risky to risk-free assets is not the same in the case of all investors.
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TL;DR: In this paper , the authors examined the pattern of gold investment during the pandemic -Covid 19 by individual investors and highlighted the brighter side of investing in gold at different periods with different income groups.
Abstract: The perception of Gold in an Indian Investor is different from that of a foreign investor. If there is any one investment that runs through all throughout the year for an Indian, it is definitely gold. This paper examines the pattern of Gold investment during the pandemic – Covid 19 by individual investors. The paper is based on the primary data analyzed through the questionnaire prepared for the purpose of studying the shift in priorities of individual Investors during the pandemic and with the new normal. This paper highlights the brighter side of investing in gold at different periods with different income groups is observed. It examines the relative performance of the gold investment in the portfolio carried by the investor during the lockdown period. The factors affecting the investment of every individual with varied income is analyzed and tested with descriptive Statistics. The study proceeds to acquire the resultant estimation of whether there is a significant change in the investment of Gold or has gold sustained the wave of this economic crisis during the Covid period.
TL;DR: In this article , the authors investigated the effect of three modifications, namely, linear transformation of objectives (LTO), reciprocal objective reformulation (ROR), and removal of alternatives (RA) in the decision or objective matrix (DOM) of alternatives, on the ranking of Pareto-optimal solutions.
Abstract: Optimization for multiple objectives (multi-objective optimization) has attracted significant attention from academia, particularly in the last 2 decades. It provides a set of optimal solutions (known as Pareto-optimal solutions). Multi-criteria decision making (MCDM) is necessary to rank and choose one of the optimal solutions for implementation. The overall purpose of this paper is to investigate extensively the sensitivity of MCDM methods including the phenomenon of rank reversal. The research evaluates the effect of three modifications, namely, linear transformation of objectives (LTO), reciprocal objective reformulation (ROR), and removal of alternatives (RA) in the decision or objective matrix (DOM) of alternatives, on the ranking of Pareto-optimal solutions. The basic design of the study includes the use of 8 MCDM methods, 2 weighting methods (namely, entropy method and Criteria Importance Through Intercriteria Correlation, CRITIC method), and DOM datasets of 16 diverse applications from engineering. The major findings of the study are as follows. First, certain MCDM methods such as gray relational analysis (without any weights), combinative distance-based assessment (coupled with entropy weights), and simple additive weighting (coupled with entropy or CRITIC weights) are less sensitive to the three modifications in DOM for the applications studied. Second, the results show that weights calculated by the entropy method are more sensitive to LTO, ROR, and RA, compared to those by the CRITIC method. Third, ROR has the largest effect on ranking by MCDM methods for all of the applications studied. These findings are useful for the application of MCDM as well as for further research.