Title :
Estimating the overall financial performance of Mexican banks using a new method for quantifying subjective information
Author :
Hovanov, Nikolai V. ; Kolari, James W.
Author_Institution :
Dept. of Econ., St. Petersburg State Univ., Russia
Abstract :
Estimates the overall financial performance of Mexican banks using a new method, called ASPID (Analysis and Synthesis of Parameters Under Information Deficiency), for quantifying subjective information. Financial analysts typically collect considerable numerical information on multiple criteria that pertain to the financial performance of firms and must eventually aggregate (or synthesize) this information into an overall assessment. Unfortunately, analysts can only make subjective evaluations concerning the relative importance of the different criteria under consideration, such that the final results of comprehensive evaluations tend to be subjective too. The proposed method attempts to overcome this problem by generating stochastic estimates of overall performance based on multiple criteria for which numerical information is available in addition to subjective judgements concerning the relative importance of these criteria
Keywords :
banking; common-sense reasoning; fuzzy set theory; operations research; parameter estimation; performance index; stochastic systems; uncertainty handling; ASPID; Mexican banks; comprehensive evaluations; financial performance estimation; fuzzy sets; information deficiency; information uncertainty; multiple criteria index; numerical information; parameter analysis; parameter synthesis; qualitative information; relative importance; stochastic estimates; subjective information quantification; Aggregates; Educational programs; Finance; Fuzzy sets; Government; Information analysis; Performance analysis; Postal services; Stochastic processes; Uncertainty;
Conference_Titel :
Computational Intelligence for Financial Engineering (CIFEr), 1998. Proceedings of the IEEE/IAFE/INFORMS 1998 Conference on
Conference_Location :
New York, NY
Print_ISBN :
0-7803-4930-X
DOI :
10.1109/CIFER.1998.690034