The Effect of Exit Strategy on Optimal Portfolio Selection with Birandom Returns

The aims of this paper are to use a birandom variable to denote the stock return selected by some recurring technical patterns and to study the effect of exit strategy on optimal portfolio selection with birandom returns. Firstly, we propose a new method to estimate the stock return and use birandom distribution to denote the final stock return which can reflect the features of technical patterns and investors' heterogeneity simultaneously; secondly, we build a birandom safety-first model and design a hybrid intelligent algorithm to help investors make decisions; finally, we innovatively study the effect of exit strategy on the given birandom safety-first model. The results indicate that (1) the exit strategy affects the proportion of portfolio, (2) the performance of taking the exit strategy is better than when the exit strategy is not taken, if the stop-loss point and the stop-profit point are appropriately set, and (3) the investor using the exit strategy become conservative

Applying bi-random MODM model to navigation coordinated scheduling: a case study of Three Gorges Project

The aim of this paper is to deal with the optimal navigation coordinated scheduling (NCS) problem in ship transportation of the Three Gorges Project in China, i.e. the Three Gorges Dam and the Gezhouba Dam. The NCS includes operational scheduling for two five-step locks in Three Gorges Dam and three single-step locks in Gezhouba Dam. A birandom multiple objective decision-making model is first proposed for the NCS problem to cope with hybrid uncertain environment where twofold randomness exists in practice. Then, particle swarm optimization is applied to search for the optimal solution. Based on real execution data, the results generated by a computer validate effectiveness of the proposed model and algorithm in solving large-scale practical problems is presented

An Integrated Approach of Fuzzy Quality Function Deployment and Fuzzy Multi-Objective Programming Tosustainable Supplier Selection and Order Allocation

The emergence of sustainability paradigm has influenced many research disciplines including supply chain management. It has drawn the attention of manufacturing companies’ CEOs to incorporate sustainability in their supply chain and manufacturing activities. Supplier selection problem, as one of the main problems in supply chain activities, is also combined with sustainable development where traditional procedures are now transformed to sustainable initiatives. Moreover, allocating optimal order quantities to sustainable suppliers has also attracted attention of many scholars and industrial practitioners, which has not been comprehensively addressed. Therefore, a practical model of supplier selection and order allocation based on the sustainability Triple Bottom Line (TBL) approach is presented in this research article. The proposed approach utilizes Fuzzy Analytical Hierarchy Process combined with Quality Function Deployment (FAHP-QFD) for reflecting buyer’s sustainability requirements into the preference weights that are then exerted by an efficient Fuzzy Assessment Method (FAM) to assess the suppliers to obtain their sustainability scores. Thereupon, these scores are utilized in a fuzzy multi-objective mix-integer non-linear programming model (MINLP) for allocating orders to suppliers based on the manufacturer’s sustainability preference. A real-world application of food industry is presented to show the practicality of the proposed approach

An Integrated Approach of Fuzzy Quality Function Deployment and Fuzzy Multi-Objective Programming Tosustainable Supplier Selection and Order Allocation

The emergence of sustainability paradigm has influenced many research disciplines including supply chain management. It has drawn the attention of manufacturing companies’ CEOs to incorporate sustainability in their supply chain and manufacturing activities. Supplier selection problem, as one of the main problems in supply chain activities, is also combined with sustainable development where traditional procedures are now transformed to sustainable initiatives. Moreover, allocating optimal order quantities to sustainable suppliers has also attracted attention of many scholars and industrial practitioners, which has not been comprehensively addressed. Therefore, a practical model of supplier selection and order allocation based on the sustainability Triple Bottom Line (TBL) approach is presented in this research article. The proposed approach utilizes Fuzzy Analytical Hierarchy Process combined with Quality Function Deployment (FAHP-QFD) for reflecting buyer’s sustainability requirements into the preference weights that are then exerted by an efficient Fuzzy Assessment Method (FAM) to assess the suppliers to obtain their sustainability scores. Thereupon, these scores are utilized in a fuzzy multi-objective mix-integer non-linear programming model (MINLP) for allocating orders to suppliers based on the manufacturer’s sustainability preference. A real-world application of food industry is presented to show the practicality of the proposed approach