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A systematic method of project selection based on risk and return criteria and according to the mean-semi-deviation behavioral hypothesis


Jafarizadeh, Babak and Ramazani, Reza (2007) A systematic method of project selection based on risk and return criteria and according to the mean-semi-deviation behavioral hypothesis. In: International Economic Conference on Trade and Industry (IECTI) 2007, 3 - 5 December 2007, Bayview Hotel Georgetown, Penang. (Unpublished)

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Abstract

The uncertain problem of Industrial project selection is the topic of discussion in this article. As the unrealistic assumption of certainty is relaxed in this problem, the decision maker is faced with a two-criterion decision model in which justifying between Risk and Return are the main concerns. The concept of Risk has been revised and the “Semi-Deviation” measure has been proposed to represent the risk of a project. Based on the new Mean-Semi-deviation Behavior, and according to Utility and Modern Portfolio theories, a more efficient method of project evaluation will be presented.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Organized by Faculty of Economics, Universiti Utara Malaysia
Uncontrolled Keywords: Risk of Projects, Mean-Semideviation Framework, project selection
Subjects: H Social Sciences > HB Economic Theory
Divisions: College of Arts and Sciences
Depositing User: Mrs. Juwita Johari
Date Deposited: 21 Feb 2011 08:12
Last Modified: 21 Feb 2011 08:12
URI: http://repo.uum.edu.my/id/eprint/2393

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