The aim of this research is to use Taguchi's loss function to assess the loss associated with a solution provided by a particular Multi-Criteria Decision Making (MCDM) method. Although the idea proposed in this paper, derived from Taguchi's philosophy and his idea of social loss, can be...

This paper proposes and investigates the use of several factors for portfolio selection of international mutual funds. Three of the selected factors are specific to mutual funds, additional three factors are taken from Macroeconomics and one factor represents regional and country preferences....