{"id":"https://openalex.org/W4280503608","doi":"https://doi.org/10.1007/s12351-022-00713-1","title":"Encompassing statistically unquantifiable randomness in goal programming: an application to portfolio selection","display_name":"Encompassing statistically unquantifiable randomness in goal programming: an application to portfolio selection","publication_year":2022,"publication_date":"2022-05-19","ids":{"openalex":"https://openalex.org/W4280503608","doi":"https://doi.org/10.1007/s12351-022-00713-1"},"language":"en","primary_location":{"id":"doi:10.1007/s12351-022-00713-1","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s12351-022-00713-1","pdf_url":"https://link.springer.com/content/pdf/10.1007/s12351-022-00713-1.pdf","source":{"id":"https://openalex.org/S140563256","display_name":"Operational Research","issn_l":"1109-2858","issn":["1109-2858","1866-1505"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Operational Research","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://link.springer.com/content/pdf/10.1007/s12351-022-00713-1.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086419362","display_name":"Mila Bravo","orcid":"https://orcid.org/0000-0003-3330-7044"},"institutions":[{"id":"https://openalex.org/I60053951","display_name":"Universitat Polit\u00e8cnica de Val\u00e8ncia","ror":"https://ror.org/01460j859","country_code":"ES","type":"education","lineage":["https://openalex.org/I60053951"]}],"countries":["ES"],"is_corresponding":true,"raw_author_name":"Mila Bravo","raw_affiliation_strings":["Centre for Research in Business Management (CEGEA), Universitat Polit\u00e8cnica de Val\u00e8ncia, Ferr\u00e1ndiz y Carbonell, 03801, Alcoy, Spain"],"affiliations":[{"raw_affiliation_string":"Centre for Research in Business Management (CEGEA), Universitat Polit\u00e8cnica de Val\u00e8ncia, Ferr\u00e1ndiz y Carbonell, 03801, Alcoy, Spain","institution_ids":["https://openalex.org/I60053951"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5074589588","display_name":"Dylan Jones","orcid":"https://orcid.org/0000-0002-9101-746X"},"institutions":[{"id":"https://openalex.org/I63072094","display_name":"University of Portsmouth","ror":"https://ror.org/03ykbk197","country_code":"GB","type":"education","lineage":["https://openalex.org/I63072094"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Dylan Jones","raw_affiliation_strings":["Lion Gate Building, University of Portsmouth, Lion Terrace, Portsmouth, PO1 3HF, UK"],"affiliations":[{"raw_affiliation_string":"Lion Gate Building, University of Portsmouth, Lion Terrace, Portsmouth, PO1 3HF, UK","institution_ids":["https://openalex.org/I63072094"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5029103594","display_name":"David Pl\u00e0-Santamaria","orcid":"https://orcid.org/0000-0003-1563-3997"},"institutions":[{"id":"https://openalex.org/I60053951","display_name":"Universitat Polit\u00e8cnica de Val\u00e8ncia","ror":"https://ror.org/01460j859","country_code":"ES","type":"education","lineage":["https://openalex.org/I60053951"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"David Pla-Santamaria","raw_affiliation_strings":["Universitat Polit\u00e8cnica de Val\u00e8ncia, Ferr\u00e1ndiz y Carbonell, 03801, Alcoy, Spain"],"affiliations":[{"raw_affiliation_string":"Universitat Polit\u00e8cnica de Val\u00e8ncia, Ferr\u00e1ndiz y Carbonell, 03801, Alcoy, Spain","institution_ids":["https://openalex.org/I60053951"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5053209662","display_name":"Francisco Salas\u2010Molina","orcid":"https://orcid.org/0000-0002-1168-7931"},"institutions":[{"id":"https://openalex.org/I60053951","display_name":"Universitat Polit\u00e8cnica de Val\u00e8ncia","ror":"https://ror.org/01460j859","country_code":"ES","type":"education","lineage":["https://openalex.org/I60053951"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Francisco Salas-Molina","raw_affiliation_strings":["Universitat Polit\u00e8cnica de Val\u00e8ncia, Ferr\u00e1ndiz y Carbonell, 03801, Alcoy, Spain"],"affiliations":[{"raw_affiliation_string":"Universitat Polit\u00e8cnica de Val\u00e8ncia, Ferr\u00e1ndiz y Carbonell, 03801, Alcoy, Spain","institution_ids":["https://openalex.org/I60053951"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5086419362"],"corresponding_institution_ids":["https://openalex.org/I60053951"],"apc_list":{"value":2390,"currency":"EUR","value_usd":2990},"apc_paid":{"value":2390,"currency":"EUR","value_usd":2990},"fwci":0.4849,"has_fulltext":true,"cited_by_count":4,"citation_normalized_percentile":{"value":0.60859689,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":94,"max":96},"biblio":{"volume":"22","issue":"5","first_page":"5685","last_page":"5706"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12709","display_name":"Optimization and Mathematical Programming","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2207","display_name":"Control and Systems Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T12709","display_name":"Optimization and Mathematical Programming","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2207","display_name":"Control and Systems Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10969","display_name":"Water resources management and optimization","score":0.9854999780654907,"subfield":{"id":"https://openalex.org/subfields/2212","display_name":"Ocean Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10050","display_name":"Multi-Criteria Decision Making","score":0.9545999765396118,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/randomness","display_name":"Randomness","score":0.8205504417419434},{"id":"https://openalex.org/keywords/goal-programming","display_name":"Goal programming","score":0.577038049697876},{"id":"https://openalex.org/keywords/a-priori-and-a-posteriori","display_name":"A priori and a posteriori","score":0.5684932470321655},{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.5401671528816223},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.529108464717865},{"id":"https://openalex.org/keywords/function","display_name":"Function (biology)","score":0.45556190609931946},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"Risk aversion (psychology)","score":0.45247307419776917},{"id":"https://openalex.org/keywords/selection","display_name":"Selection (genetic algorithm)","score":0.4267256259918213},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.3855386972427368},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.3623601794242859},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.3532552123069763},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.31282803416252136},{"id":"https://openalex.org/keywords/expected-utility-hypothesis","display_name":"Expected utility hypothesis","score":0.30982497334480286},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.21742528676986694},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.1654561161994934},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.14569509029388428}],"concepts":[{"id":"https://openalex.org/C125112378","wikidata":"https://www.wikidata.org/wiki/Q176640","display_name":"Randomness","level":2,"score":0.8205504417419434},{"id":"https://openalex.org/C61157135","wikidata":"https://www.wikidata.org/wiki/Q1345279","display_name":"Goal programming","level":2,"score":0.577038049697876},{"id":"https://openalex.org/C75553542","wikidata":"https://www.wikidata.org/wiki/Q178161","display_name":"A priori and a posteriori","level":2,"score":0.5684932470321655},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5401671528816223},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.529108464717865},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.45556190609931946},{"id":"https://openalex.org/C129915516","wikidata":"https://www.wikidata.org/wiki/Q17083550","display_name":"Risk aversion (psychology)","level":3,"score":0.45247307419776917},{"id":"https://openalex.org/C81917197","wikidata":"https://www.wikidata.org/wiki/Q628760","display_name":"Selection (genetic algorithm)","level":2,"score":0.4267256259918213},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.3855386972427368},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3623601794242859},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.3532552123069763},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.31282803416252136},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.30982497334480286},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.21742528676986694},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.1654561161994934},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.14569509029388428},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1007/s12351-022-00713-1","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s12351-022-00713-1","pdf_url":"https://link.springer.com/content/pdf/10.1007/s12351-022-00713-1.pdf","source":{"id":"https://openalex.org/S140563256","display_name":"Operational Research","issn_l":"1109-2858","issn":["1109-2858","1866-1505"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Operational Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:spr:operea:v:22:y:2022:i:5:d:10.1007_s12351-022-00713-1","is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s12351-022-00713-1","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:riunet.upv.es:10251/197763","is_oa":true,"landing_page_url":"http://hdl.handle.net/10251/197763","pdf_url":null,"source":{"id":"https://openalex.org/S4306401500","display_name":"RiuNet (Politechnical University of Valencia)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I60053951","host_organization_name":"Universitat Polit\u00e8cnica de Val\u00e8ncia","host_organization_lineage":["https://openalex.org/I60053951"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.1007/s12351-022-00713-1","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s12351-022-00713-1","pdf_url":"https://link.springer.com/content/pdf/10.1007/s12351-022-00713-1.pdf","source":{"id":"https://openalex.org/S140563256","display_name":"Operational Research","issn_l":"1109-2858","issn":["1109-2858","1866-1505"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Operational Research","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","score":0.7799999713897705,"display_name":"Peace, Justice and strong institutions"}],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4280503608.pdf","grobid_xml":"https://content.openalex.org/works/W4280503608.grobid-xml"},"referenced_works_count":52,"referenced_works":["https://openalex.org/W128870653","https://openalex.org/W340849822","https://openalex.org/W633916340","https://openalex.org/W1188843729","https://openalex.org/W1905923734","https://openalex.org/W1924412491","https://openalex.org/W1972560205","https://openalex.org/W1979609588","https://openalex.org/W1990475958","https://openalex.org/W1991005468","https://openalex.org/W1991709859","https://openalex.org/W1994776075","https://openalex.org/W1999087529","https://openalex.org/W2002301264","https://openalex.org/W2019968939","https://openalex.org/W2024139768","https://openalex.org/W2031473154","https://openalex.org/W2035812476","https://openalex.org/W2038865108","https://openalex.org/W2040305469","https://openalex.org/W2044754621","https://openalex.org/W2055919144","https://openalex.org/W2063894202","https://openalex.org/W2072517761","https://openalex.org/W2077533982","https://openalex.org/W2086055006","https://openalex.org/W2087764840","https://openalex.org/W2126223120","https://openalex.org/W2133807035","https://openalex.org/W2152358062","https://openalex.org/W2158346998","https://openalex.org/W2158550687","https://openalex.org/W2170178258","https://openalex.org/W2325117413","https://openalex.org/W2513614921","https://openalex.org/W2598283809","https://openalex.org/W2606395562","https://openalex.org/W2610052216","https://openalex.org/W2754342036","https://openalex.org/W2806499087","https://openalex.org/W2885632919","https://openalex.org/W2903020765","https://openalex.org/W2911112327","https://openalex.org/W3123079565","https://openalex.org/W3123087267","https://openalex.org/W3123704934","https://openalex.org/W3125105648","https://openalex.org/W4211007335","https://openalex.org/W4235967258","https://openalex.org/W4246664490","https://openalex.org/W4252707658","https://openalex.org/W4298532040"],"related_works":["https://openalex.org/W2165263141","https://openalex.org/W4250007077","https://openalex.org/W4240615594","https://openalex.org/W3124992686","https://openalex.org/W3123087267","https://openalex.org/W3121561916","https://openalex.org/W2163164229","https://openalex.org/W2603071944","https://openalex.org/W2135650040","https://openalex.org/W3124026440"],"abstract_inverted_index":{"Abstract":[0],"Random":[1],"events":[2,145],"make":[3],"multiobjective":[4],"programming":[5,65],"solutions":[6,40],"vulnerable":[7],"to":[8,35,50,59,156],"changes":[9],"in":[10],"input":[11],"data.":[12],"In":[13],"many":[14],"cases":[15],"statistically":[16],"quantifiable":[17],"information":[18,142],"on":[19,42],"variability":[20],"of":[21,38,78,89,100,121,124,140,152],"relevant":[22],"parameters":[23],"may":[24],"not":[25],"be":[26,147],"available":[27],"for":[28],"decision":[29,75,108],"making.":[30],"This":[31,93],"situation":[32],"gives":[33],"rise":[34],"the":[36,61,74,79,84,87,98,107,125,138,153],"problem":[37],"obtaining":[39],"based":[41,105],"subjective":[43,159],"beliefs":[44,110],"and":[45,111],"a":[46,69,90,101,122,133,150],"priori":[47,102],"risk":[48,103],"aversion":[49,104],"random":[51,144],"changes.":[52],"To":[53],"solve":[54],"this":[55],"problem,":[56],"we":[57],"propose":[58],"replace":[60],"traditional":[62],"weighted":[63],"goal":[64],"achievement":[66,154],"function":[67,71,95,155],"with":[68,82],"new":[70,94,115],"that":[72],"considers":[73],"maker\u2019s":[76,109],"perception":[77],"randomness":[80],"associated":[81],"implementing":[83],"solution":[85],"through":[86],"use":[88],"penalty":[91],"term.":[92],"also":[96],"implements":[97],"level":[99],"around":[106],"perceptions.":[112],"The":[113],"proposed":[114],"formulation":[116],"is":[117],"illustrated":[118],"by":[119,137,149],"means":[120],"variant":[123],"mean":[126],"absolute":[127],"deviation":[128],"portfolio":[129],"selection":[130],"model.":[131],"As":[132],"result,":[134],"difficulties":[135],"imposed":[136],"absence":[139],"statistical":[141],"about":[143],"can":[146],"encompassed":[148],"modification":[151],"pragmatically":[157],"consider":[158],"beliefs.":[160]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":2}],"updated_date":"2026-03-27T05:58:40.876381","created_date":"2022-05-22T00:00:00"}
