Bank Balance-Sheet Management: An Alternative Multi-objective Model
提出一种新的多目标模型，允许决策者明确表达对冲突目标的权衡，减少认知负担，同时确保解属于非支配解集。
Bank balance-sheet management entails considering competing and conflicting objectives such as maximization of returns and minimization of risks associated with alternative portfolio combinations. Traditional multi-objective models simply provide the decision-maker with the entire set of non-dominated solutions; the decision-maker must then choose, unaided, the best solution based on his subjective trade-offs, experience and judgement. This paper develops an alternative multi-objective balance-sheet management model which allows the explicit incorporation of the decision-maker's trade-offs between conflicting objectives, and attempts to reduce his cognitive burden while ensuring that the solution obtained belongs to the set of non-dominated points.