This is the first monograph on fuzzy portfolio optimization. By using fuzzy mathematical approaches, quantitative analysis, qualitative analysis, the experts' knowledge and the investors' subjective opinions can be better integrated into portfolio selection models. The contents of this book...

In standard goal programming (GP) it is assumed that the decision maker (DM) is able to accurately determine goal values. This is unrealistic. Imprecise DM aspiration can be expressed through fuzzy sets whose membership functions represent the DM´s degree of satisfaction. When membership...

For a multireservoir system, where the number of reservoirs islarge, the conventional modelling by classical stochastic dynamicprogramming (SDP) presents difficulty, due to the curse ofdimensionality inherent in the model solution. It takes a longtime to obtain a steady state policy and also it...