{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,31]],"date-time":"2025-10-31T13:37:45Z","timestamp":1761917865519,"version":"3.37.3"},"reference-count":14,"publisher":"Wiley","license":[{"start":{"date-parts":[[2018,9,3]],"date-time":"2018-09-03T00:00:00Z","timestamp":1535932800000},"content-version":"unspecified","delay-in-days":0,"URL":"http:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Advances in Fuzzy Systems"],"published-print":{"date-parts":[[2018,9,3]]},"abstract":"<jats:p>Stock selection poses a challenge for both the investor and the finance researcher. In this paper, a hybrid approach is proposed for asset allocation, offering a combination of several methodologies for portfolio selection, such as investor topology, cluster analysis, and the analytical hierarchy process (AHP) to facilitate ranking the assets and fuzzy multiobjective linear programming (FMOLP). This paper considers some important factors of stock, like relative strength index (RSI), coefficient of variation (CV), earnings yield (EY), and price to earnings growth ratio (PEG ratio), apart from the risk and return and stocks which are included within these same factors. Employing fuzzy multiobjective linear programming, optimization is performed using seven objective functions viz., return, risk, relative strength index (RSI), coefficient of variation (CV), earnings yield (EY), price to earnings growth ratio (PEG ratio), and AHP weighted score. The FMOLP transforms the multiobjective problem to a single objective problem using the \u201cweighted adaptive approach\u201d in which the weights are calculated by AHP or choices by the investors. The FMOLP model permits choices in solution.<\/jats:p>","DOI":"10.1155\/2018\/4279236","type":"journal-article","created":{"date-parts":[[2018,9,3]],"date-time":"2018-09-03T19:31:28Z","timestamp":1536003088000},"page":"1-9","source":"Crossref","is-referenced-by-count":2,"title":["Optimization of Risk and Return Using Fuzzy Multiobjective Linear Programming"],"prefix":"10.1155","volume":"2018","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-5420-4960","authenticated-orcid":true,"given":"Darsha","family":"Panwar","sequence":"first","affiliation":[{"name":"Department of Mathematics, Maulana Azad National Institute of Technology, Bhopal (MP), India"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Manoj","family":"Jha","sequence":"additional","affiliation":[{"name":"Department of Mathematics, Maulana Azad National Institute of Technology, Bhopal (MP), India"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Namita","family":"Srivastava","sequence":"additional","affiliation":[{"name":"Department of Mathematics, Maulana Azad National Institute of Technology, Bhopal (MP), India"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","reference":[{"key":"1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.1952.tb01525.x"},{"key":"2","doi-asserted-by":"publisher","DOI":"10.1287\/mnsc.37.5.519"},{"key":"3","first-page":"107","volume":"14","year":"1993","journal-title":"Finance"},{"key":"4","doi-asserted-by":"publisher","DOI":"10.1016\/j.ins.2010.02.007"},{"issue":"4","key":"5","first-page":"44","volume":"3","year":"2012","journal-title":"Journal of Global Research in Computer Science"},{"key":"6","doi-asserted-by":"publisher","DOI":"10.1016\/j.knosys.2012.08.014"},{"key":"7","doi-asserted-by":"publisher","DOI":"10.2298\/YJOR130304028M"},{"issue":"3","key":"8","first-page":"1793","volume":"2","year":"2013","journal-title":"European Online Journal of Natural and Social Science"},{"issue":"2","key":"9","doi-asserted-by":"crossref","first-page":"60","DOI":"10.14445\/22315381\/IJETT-V8P212","volume":"8","year":"2014","journal-title":"nternational Journal of Engineering Trends and Technology"},{"issue":"2","key":"10","first-page":"57","volume":"16","year":"2016","journal-title":"Global Journal of Management and Business Research"},{"journal-title":"Mathematical Problems in Engineering","year":"2016","key":"11","doi-asserted-by":"publisher","DOI":"10.1155\/2016\/9461021"},{"issue":"4","key":"12","first-page":"92","volume":"4","year":"2014","journal-title":"International Journal of Humanities and Social Science"},{"year":"1980","key":"13"},{"issue":"1","key":"15","doi-asserted-by":"crossref","first-page":"10","DOI":"10.7763\/IJMO.2014.V4.339","volume":"4","year":"2014","journal-title":"nternational Journal of Modelling and Optimization"}],"container-title":["Advances in Fuzzy Systems"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/downloads.hindawi.com\/journals\/afs\/2018\/4279236.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/downloads.hindawi.com\/journals\/afs\/2018\/4279236.xml","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/downloads.hindawi.com\/journals\/afs\/2018\/4279236.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2018,9,16]],"date-time":"2018-09-16T19:30:56Z","timestamp":1537126256000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.hindawi.com\/journals\/afs\/2018\/4279236\/"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2018,9,3]]},"references-count":14,"alternative-id":["4279236","4279236"],"URL":"https:\/\/doi.org\/10.1155\/2018\/4279236","relation":{},"ISSN":["1687-7101","1687-711X"],"issn-type":[{"type":"print","value":"1687-7101"},{"type":"electronic","value":"1687-711X"}],"subject":[],"published":{"date-parts":[[2018,9,3]]}}}