{"id":"https://openalex.org/W4224234202","doi":"https://doi.org/10.1142/s021848852250009x","title":"A Study on Portfolio Selection Based on Fuzzy Linear Programming","display_name":"A Study on Portfolio Selection Based on Fuzzy Linear Programming","publication_year":2022,"publication_date":"2022-04-01","ids":{"openalex":"https://openalex.org/W4224234202","doi":"https://doi.org/10.1142/s021848852250009x"},"language":"en","primary_location":{"id":"doi:10.1142/s021848852250009x","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s021848852250009x","pdf_url":null,"source":{"id":"https://openalex.org/S69518169","display_name":"International Journal of Uncertainty Fuzziness and Knowledge-Based Systems","issn_l":"0218-4885","issn":["0218-4885","1793-6411"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319815","host_organization_name":"World Scientific","host_organization_lineage":["https://openalex.org/P4310319815"],"host_organization_lineage_names":["World Scientific"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Uncertainty, Fuzziness and Knowledge-Based Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5076217206","display_name":"Serkan Akba\u015f","orcid":"https://orcid.org/0000-0001-5220-7458"},"institutions":[{"id":"https://openalex.org/I162720556","display_name":"Karadeniz Technical University","ror":"https://ror.org/03z8fyr40","country_code":"TR","type":"education","lineage":["https://openalex.org/I162720556"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Serkan Akba\u015f","raw_affiliation_strings":["Department of Statistics and Computer Science, Karadeniz Technical University, Trabzon 61080, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Statistics and Computer Science, Karadeniz Technical University, Trabzon 61080, Turkey","institution_ids":["https://openalex.org/I162720556"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5039993767","display_name":"T\u00fcrkan Erbay Dalk\u0131l\u0131\u00e7","orcid":"https://orcid.org/0000-0003-2923-599X"},"institutions":[{"id":"https://openalex.org/I162720556","display_name":"Karadeniz Technical University","ror":"https://ror.org/03z8fyr40","country_code":"TR","type":"education","lineage":["https://openalex.org/I162720556"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"T\u00fcrkan Erbay Dalkili\u00e7","raw_affiliation_strings":["Department of Statistics and Computer Science, Karadeniz Technical University, Trabzon 61080, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Statistics and Computer Science, Karadeniz Technical University, Trabzon 61080, Turkey","institution_ids":["https://openalex.org/I162720556"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5061057687","display_name":"Tu\u011fba G\u00fcl Aksoy","orcid":null},"institutions":[{"id":"https://openalex.org/I162720556","display_name":"Karadeniz Technical University","ror":"https://ror.org/03z8fyr40","country_code":"TR","type":"education","lineage":["https://openalex.org/I162720556"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Tu\u011fba G\u00fcl Aksoy","raw_affiliation_strings":["Department of Statistics and Computer Science, Karadeniz Technical University, Trabzon 61080, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Statistics and Computer Science, Karadeniz Technical University, Trabzon 61080, Turkey","institution_ids":["https://openalex.org/I162720556"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I162720556"],"apc_list":null,"apc_paid":null,"fwci":0.6761,"has_fulltext":false,"cited_by_count":4,"citation_normalized_percentile":{"value":0.71384684,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":96},"biblio":{"volume":"30","issue":"02","first_page":"211","last_page":"230"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.9962000250816345,"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"}},"topics":[{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.9962000250816345,"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"}},{"id":"https://openalex.org/T12709","display_name":"Optimization and Mathematical Programming","score":0.9958000183105469,"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/T10050","display_name":"Multi-Criteria Decision Making","score":0.9835000038146973,"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/standard-deviation","display_name":"Standard deviation","score":0.7043261528015137},{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.6663466691970825},{"id":"https://openalex.org/keywords/rate-of-return-on-a-portfolio","display_name":"Rate of return on a portfolio","score":0.6279621124267578},{"id":"https://openalex.org/keywords/absolute-deviation","display_name":"Absolute deviation","score":0.6132268309593201},{"id":"https://openalex.org/keywords/portfolio-optimization","display_name":"Portfolio optimization","score":0.552944540977478},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.5432719588279724},{"id":"https://openalex.org/keywords/fuzzy-logic","display_name":"Fuzzy logic","score":0.5389569401741028},{"id":"https://openalex.org/keywords/stock-exchange","display_name":"Stock exchange","score":0.49205249547958374},{"id":"https://openalex.org/keywords/risk\u2013return-spectrum","display_name":"Risk\u2013return spectrum","score":0.4288488030433655},{"id":"https://openalex.org/keywords/profitability-index","display_name":"Profitability index","score":0.4236738681793213},{"id":"https://openalex.org/keywords/modern-portfolio-theory","display_name":"Modern portfolio theory","score":0.41965723037719727},{"id":"https://openalex.org/keywords/selection","display_name":"Selection (genetic algorithm)","score":0.41260504722595215},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4105231761932373},{"id":"https://openalex.org/keywords/project-portfolio-management","display_name":"Project portfolio management","score":0.41043224930763245},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.3870715796947479},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.36732348799705505},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.3644355535507202},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3447471261024475},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.31758004426956177},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.2013472318649292},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.15129774808883667},{"id":"https://openalex.org/keywords/project-management","display_name":"Project management","score":0.09684184193611145},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.08611783385276794}],"concepts":[{"id":"https://openalex.org/C22679943","wikidata":"https://www.wikidata.org/wiki/Q159375","display_name":"Standard deviation","level":2,"score":0.7043261528015137},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.6663466691970825},{"id":"https://openalex.org/C104946779","wikidata":"https://www.wikidata.org/wiki/Q7295542","display_name":"Rate of return on a portfolio","level":4,"score":0.6279621124267578},{"id":"https://openalex.org/C120934525","wikidata":"https://www.wikidata.org/wiki/Q849149","display_name":"Absolute deviation","level":2,"score":0.6132268309593201},{"id":"https://openalex.org/C202655437","wikidata":"https://www.wikidata.org/wiki/Q7231728","display_name":"Portfolio optimization","level":3,"score":0.552944540977478},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5432719588279724},{"id":"https://openalex.org/C58166","wikidata":"https://www.wikidata.org/wiki/Q224821","display_name":"Fuzzy logic","level":2,"score":0.5389569401741028},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.49205249547958374},{"id":"https://openalex.org/C30755413","wikidata":"https://www.wikidata.org/wiki/Q1245402","display_name":"Risk\u2013return spectrum","level":3,"score":0.4288488030433655},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.4236738681793213},{"id":"https://openalex.org/C9725762","wikidata":"https://www.wikidata.org/wiki/Q1072885","display_name":"Modern portfolio theory","level":3,"score":0.41965723037719727},{"id":"https://openalex.org/C81917197","wikidata":"https://www.wikidata.org/wiki/Q628760","display_name":"Selection (genetic algorithm)","level":2,"score":0.41260504722595215},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4105231761932373},{"id":"https://openalex.org/C74510933","wikidata":"https://www.wikidata.org/wiki/Q1936145","display_name":"Project portfolio management","level":3,"score":0.41043224930763245},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.3870715796947479},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.36732348799705505},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3644355535507202},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3447471261024475},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.31758004426956177},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.2013472318649292},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.15129774808883667},{"id":"https://openalex.org/C15952604","wikidata":"https://www.wikidata.org/wiki/Q179012","display_name":"Project management","level":2,"score":0.09684184193611145},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.08611783385276794},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1142/s021848852250009x","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s021848852250009x","pdf_url":null,"source":{"id":"https://openalex.org/S69518169","display_name":"International Journal of Uncertainty Fuzziness and Knowledge-Based Systems","issn_l":"0218-4885","issn":["0218-4885","1793-6411"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319815","host_organization_name":"World Scientific","host_organization_lineage":["https://openalex.org/P4310319815"],"host_organization_lineage_names":["World Scientific"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Uncertainty, Fuzziness and Knowledge-Based Systems","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.4000000059604645,"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":35,"referenced_works":["https://openalex.org/W1974288696","https://openalex.org/W1978565931","https://openalex.org/W1997257815","https://openalex.org/W2024479116","https://openalex.org/W2038865108","https://openalex.org/W2047338438","https://openalex.org/W2078794042","https://openalex.org/W2079998518","https://openalex.org/W2080747316","https://openalex.org/W2088229409","https://openalex.org/W2090926727","https://openalex.org/W2099867994","https://openalex.org/W2117678451","https://openalex.org/W2330022088","https://openalex.org/W2468759877","https://openalex.org/W2750994100","https://openalex.org/W2790100028","https://openalex.org/W2794522916","https://openalex.org/W2881462553","https://openalex.org/W2901351096","https://openalex.org/W2919090456","https://openalex.org/W2961570542","https://openalex.org/W3003766553","https://openalex.org/W3003916820","https://openalex.org/W3023300811","https://openalex.org/W3026554755","https://openalex.org/W3085951899","https://openalex.org/W3092006703","https://openalex.org/W3114832290","https://openalex.org/W3128129487","https://openalex.org/W3156834475","https://openalex.org/W4232018229","https://openalex.org/W4232324224","https://openalex.org/W4236670843","https://openalex.org/W4244685734"],"related_works":["https://openalex.org/W2338669561","https://openalex.org/W2560619665","https://openalex.org/W2790613294","https://openalex.org/W2000913094","https://openalex.org/W2248317641","https://openalex.org/W2101095843","https://openalex.org/W2094626255","https://openalex.org/W2279190311","https://openalex.org/W4312198749","https://openalex.org/W4224234202"],"abstract_inverted_index":{"Portfolio":[0],"management":[1],"is":[2,46,54,71],"the":[3,8,11,21,25,57,66,74,84,90,95,104,107,148,151,163,168,173,179,183,187,189],"allocation":[4],"of":[5,10,51,59,65,86,134,150,186],"funds":[6],"in":[7,89,137],"hands":[9],"investor":[12],"to":[13,29,55,113,146],"ensure":[14],"minimum":[15],"risk":[16,58],"and":[17,35,122,167],"maximum":[18],"profitability":[19],"among":[20],"existing":[22],"securities.":[23],"In":[24,40,103,129,144,182],"finance":[26],"sector":[27],"related":[28],"portfolio":[30,60],"management,":[31],"many":[32],"approaches,":[33],"theories,":[34],"models":[36],"have":[37],"been":[38,111],"developed.":[39],"this":[41,52],"study,":[42,188],"a":[43],"new":[44],"model":[45,53,70,109],"proposed.":[47],"The":[48,68],"basic":[49],"objective":[50],"minimize":[56],"while":[61],"maximizing":[62],"expected":[63,87],"return":[64,132,155],"portfolio.":[67],"proposed":[69,80,108,180],"based":[72],"on":[73],"Mean":[75,91,169],"Absolute":[76,92],"Deviation":[77,93,165],"Model":[78],"(MAD)":[79],"by":[81],"Konno-Yamazaki.":[82],"Considering":[83],"uncertainty":[85],"returns":[88],"Model,":[94],"problem":[96],"was":[97],"remodeled":[98],"with":[99,162,178],"fuzzy":[100],"logic":[101],"approach.":[102],"application":[105],"section,":[106],"has":[110],"applied":[112],"two":[114],"different":[115],"indexes,":[116],"namely":[117],"Istanbul":[118],"Stock":[119],"Exchange":[120],"(ISE-30)":[121],"Standard":[123],"&amp;":[124],"Poor\u2019s":[125],"500":[126],"(S&amp;P":[127],"500).":[128],"application,":[130],"64-month":[131],"movements":[133],"stocks":[135],"traded":[136],"both":[138,158],"indexes":[139,159],"between":[140],"01.01.2016-30.04.2021":[141],"were":[142,160,176,195],"used.":[143],"order":[145],"examine":[147],"effectiveness":[149],"model,":[152],"firstly,":[153],"monthly":[154],"data":[156,175],"for":[157],"modeled":[161,177],"Mean-Absolute":[164],"method":[166,194],"Variance":[170],"method.":[171,181],"Then,":[172],"same":[174],"conclusion":[184],"section":[185],"results":[190],"obtained":[191],"from":[192],"each":[193],"compared.":[196]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1}],"updated_date":"2026-06-26T08:34:08.712188","created_date":"2025-10-10T00:00:00"}
