APPLYING THE TODIM FUZZY METHOD TO THE VALUATION OF BRAZILIAN BANKS

Detalhes bibliográficos
Autor(a) principal: Duarte Júnior,Antonio Marcos
Data de Publicação: 2018
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Pesquisa operacional (Online)
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382018000100153
Resumo: ABSTRACT We propose the use of multicriteria decision analysis for the valuation of Brazilian banks. In order to model uncertainties, we combine the use of multicriteria decision analysis with fuzzy mathematics. We specifically modify the method Tomada de Decisão Interativa Multicritério (TODIM) to incorporate fuzzy numbers, resulting in a methodology we call TODIM Fuzzy. A six-year data set of audited financial statements is considered to illustrate the use of the methodology when analyzing the six largest (net worth) banks operating in Brazil. Several sensitivity analyses are conducted to illustrate how small changes in the inputs can alter the results obtained with the original TODIM and the TODIM Fuzzy. The numerical illustrations have displayed consistent and robust results when the scores of the six banks are computed and the institutions are compared among themselves.
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spelling APPLYING THE TODIM FUZZY METHOD TO THE VALUATION OF BRAZILIAN BANKSfuzzy mathematicsmulticriteria decision makingvaluationABSTRACT We propose the use of multicriteria decision analysis for the valuation of Brazilian banks. In order to model uncertainties, we combine the use of multicriteria decision analysis with fuzzy mathematics. We specifically modify the method Tomada de Decisão Interativa Multicritério (TODIM) to incorporate fuzzy numbers, resulting in a methodology we call TODIM Fuzzy. A six-year data set of audited financial statements is considered to illustrate the use of the methodology when analyzing the six largest (net worth) banks operating in Brazil. Several sensitivity analyses are conducted to illustrate how small changes in the inputs can alter the results obtained with the original TODIM and the TODIM Fuzzy. The numerical illustrations have displayed consistent and robust results when the scores of the six banks are computed and the institutions are compared among themselves.Sociedade Brasileira de Pesquisa Operacional2018-04-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382018000100153Pesquisa Operacional v.38 n.1 2018reponame:Pesquisa operacional (Online)instname:Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)instacron:SOBRAPO10.1590/0101-7438.2018.038.01.0153info:eu-repo/semantics/openAccessDuarte Júnior,Antonio Marcoseng2018-04-13T00:00:00Zoai:scielo:S0101-74382018000100153Revistahttp://www.scielo.br/popehttps://old.scielo.br/oai/scielo-oai.php||sobrapo@sobrapo.org.br1678-51420101-7438opendoar:2018-04-13T00:00Pesquisa operacional (Online) - Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)false
dc.title.none.fl_str_mv APPLYING THE TODIM FUZZY METHOD TO THE VALUATION OF BRAZILIAN BANKS
title APPLYING THE TODIM FUZZY METHOD TO THE VALUATION OF BRAZILIAN BANKS
spellingShingle APPLYING THE TODIM FUZZY METHOD TO THE VALUATION OF BRAZILIAN BANKS
Duarte Júnior,Antonio Marcos
fuzzy mathematics
multicriteria decision making
valuation
title_short APPLYING THE TODIM FUZZY METHOD TO THE VALUATION OF BRAZILIAN BANKS
title_full APPLYING THE TODIM FUZZY METHOD TO THE VALUATION OF BRAZILIAN BANKS
title_fullStr APPLYING THE TODIM FUZZY METHOD TO THE VALUATION OF BRAZILIAN BANKS
title_full_unstemmed APPLYING THE TODIM FUZZY METHOD TO THE VALUATION OF BRAZILIAN BANKS
title_sort APPLYING THE TODIM FUZZY METHOD TO THE VALUATION OF BRAZILIAN BANKS
author Duarte Júnior,Antonio Marcos
author_facet Duarte Júnior,Antonio Marcos
author_role author
dc.contributor.author.fl_str_mv Duarte Júnior,Antonio Marcos
dc.subject.por.fl_str_mv fuzzy mathematics
multicriteria decision making
valuation
topic fuzzy mathematics
multicriteria decision making
valuation
description ABSTRACT We propose the use of multicriteria decision analysis for the valuation of Brazilian banks. In order to model uncertainties, we combine the use of multicriteria decision analysis with fuzzy mathematics. We specifically modify the method Tomada de Decisão Interativa Multicritério (TODIM) to incorporate fuzzy numbers, resulting in a methodology we call TODIM Fuzzy. A six-year data set of audited financial statements is considered to illustrate the use of the methodology when analyzing the six largest (net worth) banks operating in Brazil. Several sensitivity analyses are conducted to illustrate how small changes in the inputs can alter the results obtained with the original TODIM and the TODIM Fuzzy. The numerical illustrations have displayed consistent and robust results when the scores of the six banks are computed and the institutions are compared among themselves.
publishDate 2018
dc.date.none.fl_str_mv 2018-04-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382018000100153
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382018000100153
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/0101-7438.2018.038.01.0153
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Sociedade Brasileira de Pesquisa Operacional
publisher.none.fl_str_mv Sociedade Brasileira de Pesquisa Operacional
dc.source.none.fl_str_mv Pesquisa Operacional v.38 n.1 2018
reponame:Pesquisa operacional (Online)
instname:Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)
instacron:SOBRAPO
instname_str Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)
instacron_str SOBRAPO
institution SOBRAPO
reponame_str Pesquisa operacional (Online)
collection Pesquisa operacional (Online)
repository.name.fl_str_mv Pesquisa operacional (Online) - Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)
repository.mail.fl_str_mv ||sobrapo@sobrapo.org.br
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