{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,17]],"date-time":"2025-10-17T13:45:59Z","timestamp":1760708759338},"reference-count":38,"publisher":"Springer Science and Business Media LLC","issue":"1","license":[{"start":{"date-parts":[[2014,10,24]],"date-time":"2014-10-24T00:00:00Z","timestamp":1414108800000},"content-version":"tdm","delay-in-days":0,"URL":"http:\/\/www.springer.com\/tdm"}],"content-domain":{"domain":["link.springer.com"],"crossmark-restriction":false},"short-container-title":["Oper Res Int J"],"published-print":{"date-parts":[[2015,4]]},"DOI":"10.1007\/s12351-014-0164-7","type":"journal-article","created":{"date-parts":[[2014,10,23]],"date-time":"2014-10-23T16:27:48Z","timestamp":1414081668000},"page":"115-136","update-policy":"http:\/\/dx.doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":29,"title":["An integrated DEA-MODM methodology for portfolio optimization"],"prefix":"10.1007","volume":"15","author":[{"given":"Chun-Ying","family":"Huang","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Chuang-Chun","family":"Chiou","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Tai-Hsi","family":"Wu","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Sheng-Chih","family":"Yang","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"297","published-online":{"date-parts":[[2014,10,24]]},"reference":[{"key":"164_CR1","doi-asserted-by":"crossref","first-page":"1811","DOI":"10.1016\/j.ejor.2005.10.021","volume":"177","author":"FB Abdelaziz","year":"2007","unstructured":"Abdelaziz FB, Aouni B, Fayedh RE (2007) Multi-objective stochastic programming for portfolio selection. Eur J Oper Res 177:1811\u20131823","journal-title":"Eur J Oper Res"},{"key":"164_CR2","doi-asserted-by":"crossref","first-page":"477","DOI":"10.1016\/S0377-2217(00)00311-8","volume":"135","author":"A Basso","year":"2001","unstructured":"Basso A, Funari S (2001) A data envelopment analysis approach to measure the mutual fund performance. Eur J Oper Res 135:477\u2013492","journal-title":"Eur J Oper Res"},{"key":"164_CR3","doi-asserted-by":"crossref","first-page":"95","DOI":"10.1016\/0304-405X(75)90025-2","volume":"2","author":"VS Bawa","year":"1975","unstructured":"Bawa VS (1975) Optimal rule for ordering uncertain prospects. J Financ Econ 2:95\u2013121","journal-title":"J Financ Econ"},{"key":"164_CR4","doi-asserted-by":"crossref","first-page":"189","DOI":"10.1016\/0304-405X(77)90017-4","volume":"5","author":"VS Bawa","year":"1977","unstructured":"Bawa VS, Lindenberg EB (1977) Capital market equilibrium in a mean-lower partial moment framework. J Financ Econ 5:189\u2013200","journal-title":"J Financ Econ"},{"key":"164_CR5","doi-asserted-by":"crossref","first-page":"684","DOI":"10.1016\/j.ejor.2008.01.054","volume":"199","author":"J Branke","year":"2009","unstructured":"Branke J, Scheckenbach B, Stein M, Deb K, Schmeck H (2009) Portfolio optimization with an envelope-based multi-objective evolutionary algorithm. Eur J Oper Res 199:684\u2013693","journal-title":"Eur J Oper Res"},{"key":"164_CR6","first-page":"271","volume":"27","author":"TJ Chang","year":"2000","unstructured":"Chang TJ, Meade N, Beasley J, Sharaiha Y (2000) Heuristics for cardinality constrained portfolio optimization. Comput Oper Res 27:271\u2013302","journal-title":"Comput Oper Res"},{"key":"164_CR7","doi-asserted-by":"crossref","first-page":"18","DOI":"10.1287\/opre.11.1.18","volume":"11","author":"A Charnes","year":"1963","unstructured":"Charnes A, Cooper WW (1963) Deterministic equivalents for optimizing and satisfying under chance constraints. Oper Res 11:18\u201339","journal-title":"Oper Res"},{"key":"164_CR8","doi-asserted-by":"crossref","first-page":"429","DOI":"10.1016\/0377-2217(78)90138-8","volume":"2","author":"A Charnes","year":"1978","unstructured":"Charnes A, Cooper WW, Rhodes E (1978) Measuring the efficiency of decision-marking units. Eur J Oper Res 2:429\u2013444","journal-title":"Eur J Oper Res"},{"key":"164_CR9","doi-asserted-by":"crossref","first-page":"3311","DOI":"10.1016\/j.jbankfin.2007.04.008","volume":"31","author":"NCP Edirisinghe","year":"2007","unstructured":"Edirisinghe NCP, Zhang X (2007) Generalized DEA model of fundamental analysis and its application to portfolio optimization. J Bank Finance 31:3311\u20133335","journal-title":"J Bank Finance"},{"key":"164_CR10","doi-asserted-by":"crossref","first-page":"752","DOI":"10.1016\/S0377-2217(02)00881-0","volume":"155","author":"M Ehrgott","year":"2004","unstructured":"Ehrgott M, Klamroth K, Schwehm C (2004) An MCDM approach to portfolio optimization. Eur J Oper Res 155:752\u2013770","journal-title":"Eur J Oper Res"},{"key":"164_CR11","doi-asserted-by":"crossref","unstructured":"Farrell MJ (1957) The measurement of productive efficiency. J R Stat Assoc Ser A CXX:253\u2013281","DOI":"10.2307\/2343100"},{"key":"164_CR12","doi-asserted-by":"crossref","first-page":"1177","DOI":"10.1016\/j.cor.2005.06.017","volume":"34","author":"A Fern\u00e1ndez","year":"2007","unstructured":"Fern\u00e1ndez A, G\u00f3mez S (2007) Portfolio selection using neural networks. Comput Oper Res 34:1177\u20131191","journal-title":"Comput Oper Res"},{"issue":"2","key":"164_CR13","first-page":"116","volume":"67","author":"PC Fishburn","year":"1977","unstructured":"Fishburn PC (1977) Mean-risk analysis with risk associated with below -target returns. Am Econ Rev 67(2):116\u2013126","journal-title":"Am Econ Rev"},{"key":"164_CR14","doi-asserted-by":"crossref","first-page":"47","DOI":"10.1002\/tie.1038","volume":"44","author":"CM Graham","year":"2002","unstructured":"Graham CM, Cannice MV, Sayre TL (2002) The value-relevance of financial and non-financial information for Internet companies. Thunderbird Int Bus Rev 44:47\u201370","journal-title":"Thunderbird Int Bus Rev"},{"issue":"12","key":"164_CR15","doi-asserted-by":"crossref","first-page":"2645","DOI":"10.1080\/00207721.2013.775388","volume":"45","author":"CM Hsu","year":"2014","unstructured":"Hsu CM (2014) An integrated portfolio optimisation procedure based on data envelopment analysis, artificial bee colony algorithm and genetic programming. Int J Syst Sci 45(12):2645\u20132664","journal-title":"Int J Syst Sci"},{"key":"164_CR16","doi-asserted-by":"crossref","first-page":"245","DOI":"10.1002\/ijfe.156","volume":"6","author":"A Kanas","year":"2001","unstructured":"Kanas A (2001) Neural network linear forecasts for stock returns. Int J Financ Econ 6:245\u2013254","journal-title":"Int J Financ Econ"},{"key":"164_CR17","doi-asserted-by":"crossref","first-page":"330","DOI":"10.1016\/j.eswa.2007.07.031","volume":"35","author":"PC Ko","year":"2008","unstructured":"Ko PC, Lin PC (2008) Resource allocation neural network in portfolio selection. Expert Syst Appl 35:330\u2013337","journal-title":"Expert Syst Appl"},{"key":"164_CR18","doi-asserted-by":"crossref","first-page":"519","DOI":"10.1287\/mnsc.37.5.519","volume":"37","author":"H Konno","year":"1991","unstructured":"Konno H, Yamazaki H (1991) Mean-absolute deviation portfolio optimization model and its application to Tokyo stock market. Manage Sci 37:519\u2013531","journal-title":"Manage Sci"},{"key":"164_CR19","doi-asserted-by":"crossref","first-page":"190","DOI":"10.2307\/2491270","volume":"31","author":"B Lev","year":"1993","unstructured":"Lev B, Thiagarajan SR (1993) Fundamental information analysis. J Account Res 31:190\u2013215","journal-title":"J Account Res"},{"issue":"5","key":"164_CR20","doi-asserted-by":"crossref","first-page":"5","DOI":"10.2753\/REE1540-496X4706S501","volume":"47","author":"SO Lozza","year":"2011","unstructured":"Lozza SO, Angelelli E, Toninelli D (2011) Set-portfolio selection with the use of market stochastic bounds. Emerg Markets Financ Trade 47(5):5\u201324","journal-title":"Emerg Markets Financ Trade"},{"key":"164_CR21","unstructured":"Lozza SO, Vitali S, Cassader M (2013) Reward and risk in the fixed income markets. In: Polou\u010dek S, Stav\u00e1rek D (eds) Financial regulation and supervision in the after-crisis period. Proceedings of 14th international conference on finance and banking, pp 329\u2013340"},{"key":"164_CR22","doi-asserted-by":"crossref","first-page":"518","DOI":"10.1016\/j.ejor.2013.08.035","volume":"234","author":"R Mansini","year":"2014","unstructured":"Mansini R, Ogryczak W, Speranza MG (2014) Twenty years of linear programming based portfolio optimization. Eur J Oper Res 234:518\u2013535","journal-title":"Eur J Oper Res"},{"issue":"1","key":"164_CR23","first-page":"77","volume":"7","author":"HM Markowitz","year":"1952","unstructured":"Markowitz HM (1952) Portfolio selection. J Financ 7(1):77\u201391","journal-title":"J Financ"},{"key":"164_CR24","unstructured":"Markowitz HM (1959) Portfolio selection. Wiley, New York"},{"issue":"3","key":"164_CR25","doi-asserted-by":"crossref","first-page":"9","DOI":"10.3905\/joi.1999.319365","volume":"8","author":"D Nawrocki","year":"1999","unstructured":"Nawrocki D (1999) A brief history of downside risk measures. J Invest 8(3):9\u201325","journal-title":"J Invest"},{"key":"164_CR26","doi-asserted-by":"crossref","first-page":"143","DOI":"10.1023\/A:1018980308807","volume":"97","author":"W Ogryczak","year":"2000","unstructured":"Ogryczak W (2000) Multiple criteria linear programming model for portfolio selection. Ann Oper Res 97:143\u2013162","journal-title":"Ann Oper Res"},{"key":"164_CR27","doi-asserted-by":"crossref","first-page":"339","DOI":"10.1016\/S0377-2217(01)00359-9","volume":"139","author":"P Pille","year":"2002","unstructured":"Pille P, Paradi JC (2002) Financial performance analysis of Ontario (Canada) Credit Union: an application of DEA in the regulatory environment. Eur J Oper Res 139:339\u2013350","journal-title":"Eur J Oper Res"},{"issue":"2","key":"164_CR28","doi-asserted-by":"crossref","first-page":"92","DOI":"10.1109\/MCI.2010.936308","volume":"5","author":"R Ruiz-Torrubiano","year":"2010","unstructured":"Ruiz-Torrubiano R, Su\u00e1rez A (2010) Hybrid approaches and dimensionality reduction for portfolio selection with cardinality constraints. IEEE Comput Intell Mag 5(2):92\u2013107","journal-title":"IEEE Comput Intell Mag"},{"key":"164_CR29","doi-asserted-by":"crossref","first-page":"170","DOI":"10.1023\/A:1020920706534","volume":"20","author":"A Schaerf","year":"2002","unstructured":"Schaerf A (2002) Local search technique for constrained portfolio selection problems. Comput Econ 20:170\u2013190","journal-title":"Comput Econ"},{"key":"164_CR30","doi-asserted-by":"crossref","first-page":"277","DOI":"10.1287\/mnsc.9.2.277","volume":"9","author":"WF Sharpe","year":"1963","unstructured":"Sharpe WF (1963) A simplifies model for portfolio analysis. Manage Sci 9:277\u2013293","journal-title":"Manage Sci"},{"key":"164_CR31","doi-asserted-by":"crossref","first-page":"1263","DOI":"10.2307\/2329860","volume":"6","author":"WF Sharpe","year":"1971","unstructured":"Sharpe WF (1971) A linear programming approximation for the general portfolio analysis problem. J Financ Quant Anal 6:1263\u20131275","journal-title":"J Financ Quant Anal"},{"key":"164_CR32","doi-asserted-by":"crossref","first-page":"1437","DOI":"10.1287\/mnsc.43.10.1437","volume":"43","author":"Y Simaan","year":"1997","unstructured":"Simaan Y (1997) Estimation risk in portfolio selection: the mean variance model versus the mean absolute deviation model. Manage Sci 43:1437\u20131446","journal-title":"Manage Sci"},{"issue":"3","key":"164_CR33","doi-asserted-by":"crossref","first-page":"496","DOI":"10.1016\/S0377-2217(02)00774-9","volume":"150","author":"RE Steuer","year":"2003","unstructured":"Steuer RE, Paul N (2003) Multiple criteria decision making combined with finance: a categorized bibliographic study. Eur J Oper Res 150(3):496\u2013515","journal-title":"Eur J Oper Res"},{"key":"164_CR34","unstructured":"Subbu R, Bonissone P, Eklund N, Bollapragada S, Chalermkraivuth K (2005) Multiobjective financial portfolio design: a hybrid evolutionary approach. In: IEEE congress on evolutionary computation"},{"key":"164_CR35","doi-asserted-by":"crossref","first-page":"980","DOI":"10.1057\/jors.1996.125","volume":"47","author":"QJ Yeh","year":"1996","unstructured":"Yeh QJ (1996) The application of data envelopment analysis in conjunction with financial ratios for bank performance evaluation. J Oper Res Soc 47:980\u2013988","journal-title":"J Oper Res Soc"},{"key":"164_CR36","volume-title":"Multiple criteria decision making","author":"M Zeleny","year":"1982","unstructured":"Zeleny M (1982) Multiple criteria decision making. Mc-Graw-Hill, New York"},{"key":"164_CR37","doi-asserted-by":"crossref","first-page":"404","DOI":"10.1016\/S0377-2217(99)00142-3","volume":"119","author":"C Zopounidis","year":"1999","unstructured":"Zopounidis C (1999) Multicriteria decision aid in financial management. Eur J Oper Res 119:404\u2013415","journal-title":"Eur J Oper Res"},{"key":"164_CR38","doi-asserted-by":"crossref","first-page":"313","DOI":"10.1111\/j.1540-5915.1999.tb01612.x","volume":"30","author":"C Zopounidis","year":"1999","unstructured":"Zopounidis C, Doumpos M, Zanakis S (1999) Stock evaluation using a preference disaggregation methodology. Decis Sci 30:313\u2013336","journal-title":"Decis Sci"}],"container-title":["Operational Research"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s12351-014-0164-7.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/article\/10.1007\/s12351-014-0164-7\/fulltext.html","content-type":"text\/html","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s12351-014-0164-7","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,6,2]],"date-time":"2019-06-02T04:04:36Z","timestamp":1559448276000},"score":1,"resource":{"primary":{"URL":"http:\/\/link.springer.com\/10.1007\/s12351-014-0164-7"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2014,10,24]]},"references-count":38,"journal-issue":{"issue":"1","published-print":{"date-parts":[[2015,4]]}},"alternative-id":["164"],"URL":"https:\/\/doi.org\/10.1007\/s12351-014-0164-7","relation":{},"ISSN":["1109-2858","1866-1505"],"issn-type":[{"value":"1109-2858","type":"print"},{"value":"1866-1505","type":"electronic"}],"subject":[],"published":{"date-parts":[[2014,10,24]]}}}