{"id":"https://openalex.org/W2919090456","doi":"https://doi.org/10.1142/s0219622019500159","title":"Portfolio Investment with Options Based on Uncertainty Theory","display_name":"Portfolio Investment with Options Based on Uncertainty Theory","publication_year":2019,"publication_date":"2019-03-03","ids":{"openalex":"https://openalex.org/W2919090456","doi":"https://doi.org/10.1142/s0219622019500159","mag":"2919090456"},"language":"en","primary_location":{"id":"doi:10.1142/s0219622019500159","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s0219622019500159","pdf_url":null,"source":{"id":"https://openalex.org/S207089700","display_name":"International Journal of Information Technology & Decision Making","issn_l":"0219-6220","issn":["0219-6220","1793-6845"],"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 Information Technology & Decision Making","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/A5010424603","display_name":"Xiaoxia Huang","orcid":"https://orcid.org/0000-0003-2878-9544"},"institutions":[{"id":"https://openalex.org/I92403157","display_name":"University of Science and Technology Beijing","ror":"https://ror.org/02egmk993","country_code":"CN","type":"education","lineage":["https://openalex.org/I92403157"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Xiaoxia Huang","raw_affiliation_strings":["Donlinks School of Economics and Management, University of Science and Technology Beijing, Beijing 100083, P.\u00a0R.\u00a0China"],"raw_orcid":"https://orcid.org/0000-0003-2878-9544","affiliations":[{"raw_affiliation_string":"Donlinks School of Economics and Management, University of Science and Technology Beijing, Beijing 100083, P.\u00a0R.\u00a0China","institution_ids":["https://openalex.org/I92403157"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5102891373","display_name":"Xuting Wang","orcid":"https://orcid.org/0000-0001-7259-8302"},"institutions":[{"id":"https://openalex.org/I92403157","display_name":"University of Science and Technology Beijing","ror":"https://ror.org/02egmk993","country_code":"CN","type":"education","lineage":["https://openalex.org/I92403157"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Xuting Wang","raw_affiliation_strings":["Donlinks School of Economics and Management, University of Science and Technology Beijing, Beijing 100083, P.\u00a0R.\u00a0China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Donlinks School of Economics and Management, University of Science and Technology Beijing, Beijing 100083, P.\u00a0R.\u00a0China","institution_ids":["https://openalex.org/I92403157"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5010424603"],"corresponding_institution_ids":["https://openalex.org/I92403157"],"apc_list":null,"apc_paid":null,"fwci":1.9079,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.8700629,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":97},"biblio":{"volume":"18","issue":"03","first_page":"929","last_page":"952"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12135","display_name":"Fuzzy Systems and Optimization","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2613","display_name":"Statistics and Probability"},"field":{"id":"https://openalex.org/fields/26","display_name":"Mathematics"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T12135","display_name":"Fuzzy Systems and Optimization","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2613","display_name":"Statistics and Probability"},"field":{"id":"https://openalex.org/fields/26","display_name":"Mathematics"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.9986000061035156,"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/T10050","display_name":"Multi-Criteria Decision Making","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"}}],"keywords":[{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.755947470664978},{"id":"https://openalex.org/keywords/portfolio-optimization","display_name":"Portfolio optimization","score":0.5688943862915039},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.5307443141937256},{"id":"https://openalex.org/keywords/modern-portfolio-theory","display_name":"Modern portfolio theory","score":0.522487223148346},{"id":"https://openalex.org/keywords/investment-portfolio","display_name":"Investment portfolio","score":0.515454113483429},{"id":"https://openalex.org/keywords/rate-of-return-on-a-portfolio","display_name":"Rate of return on a portfolio","score":0.49279192090034485},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.48936980962753296},{"id":"https://openalex.org/keywords/investment-strategy","display_name":"Investment strategy","score":0.4764140844345093},{"id":"https://openalex.org/keywords/post-modern-portfolio-theory","display_name":"Post-modern portfolio theory","score":0.4727631211280823},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.46227961778640747},{"id":"https://openalex.org/keywords/replicating-portfolio","display_name":"Replicating portfolio","score":0.4418374001979828},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.44022461771965027},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.43892329931259155},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.41014957427978516},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.324095219373703}],"concepts":[{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.755947470664978},{"id":"https://openalex.org/C202655437","wikidata":"https://www.wikidata.org/wiki/Q7231728","display_name":"Portfolio optimization","level":3,"score":0.5688943862915039},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5307443141937256},{"id":"https://openalex.org/C9725762","wikidata":"https://www.wikidata.org/wiki/Q1072885","display_name":"Modern portfolio theory","level":3,"score":0.522487223148346},{"id":"https://openalex.org/C2983001568","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Investment portfolio","level":3,"score":0.515454113483429},{"id":"https://openalex.org/C104946779","wikidata":"https://www.wikidata.org/wiki/Q7295542","display_name":"Rate of return on a portfolio","level":4,"score":0.49279192090034485},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.48936980962753296},{"id":"https://openalex.org/C103144560","wikidata":"https://www.wikidata.org/wiki/Q2670999","display_name":"Investment strategy","level":3,"score":0.4764140844345093},{"id":"https://openalex.org/C67051015","wikidata":"https://www.wikidata.org/wiki/Q7233558","display_name":"Post-modern portfolio theory","level":5,"score":0.4727631211280823},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.46227961778640747},{"id":"https://openalex.org/C21099588","wikidata":"https://www.wikidata.org/wiki/Q7314068","display_name":"Replicating portfolio","level":4,"score":0.4418374001979828},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.44022461771965027},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.43892329931259155},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.41014957427978516},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.324095219373703},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1142/s0219622019500159","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s0219622019500159","pdf_url":null,"source":{"id":"https://openalex.org/S207089700","display_name":"International Journal of Information Technology & Decision Making","issn_l":"0219-6220","issn":["0219-6220","1793-6845"],"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 Information Technology & Decision Making","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:wsi:ijitdm:v:18:y:2019:i:03:n:s0219622019500159","is_oa":false,"landing_page_url":"http://www.worldscientific.com/doi/abs/10.1142/S0219622019500159","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"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[{"id":"https://openalex.org/G6343178481","display_name":null,"funder_award_id":"71771023","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320306076","display_name":"National Science Foundation","ror":"https://ror.org/021nxhr62"},{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320335869","display_name":"National Social Science Fund of China","ror":null}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":39,"referenced_works":["https://openalex.org/W1909989095","https://openalex.org/W1975232718","https://openalex.org/W2002087045","https://openalex.org/W2009263210","https://openalex.org/W2015647882","https://openalex.org/W2015856032","https://openalex.org/W2018879631","https://openalex.org/W2020009700","https://openalex.org/W2025548487","https://openalex.org/W2025583059","https://openalex.org/W2027629256","https://openalex.org/W2036058064","https://openalex.org/W2038865108","https://openalex.org/W2079998518","https://openalex.org/W2080590721","https://openalex.org/W2091403477","https://openalex.org/W2091979547","https://openalex.org/W2095287175","https://openalex.org/W2131498009","https://openalex.org/W2137724915","https://openalex.org/W2138322984","https://openalex.org/W2146856474","https://openalex.org/W2148067962","https://openalex.org/W2156431668","https://openalex.org/W2231151710","https://openalex.org/W2283386140","https://openalex.org/W2464794233","https://openalex.org/W2490733366","https://openalex.org/W2518272248","https://openalex.org/W2521931003","https://openalex.org/W2617530030","https://openalex.org/W2736817182","https://openalex.org/W2774151438","https://openalex.org/W2801041858","https://openalex.org/W4206830167","https://openalex.org/W4211007335","https://openalex.org/W4233511413","https://openalex.org/W4234521054","https://openalex.org/W4236670843"],"related_works":["https://openalex.org/W2367990330","https://openalex.org/W2898685884","https://openalex.org/W2076667641","https://openalex.org/W4243169348","https://openalex.org/W3210725698","https://openalex.org/W3164377088","https://openalex.org/W2342245948","https://openalex.org/W4206877017","https://openalex.org/W4225528185","https://openalex.org/W2392955056"],"abstract_inverted_index":{"In":[0,116],"financial":[1],"markets,":[2],"there":[3],"are":[4],"situations":[5],"where":[6],"investors":[7],"have":[8],"the":[9,15,23,26,51,72,76,84,143,152,166],"future":[10],"stock":[11,27,52],"prices":[12,28],"according":[13],"to":[14],"experts\u2019":[16],"evaluations":[17],"rather":[18],"than":[19,112],"historical":[20],"data.":[21],"Thus,":[22],"estimations":[24],"of":[25,34,48,75,83],"contain":[29],"much":[30],"subjective":[31],"imprecision":[32],"instead":[33],"randomness.":[35],"This":[36],"paper":[37],"discusses":[38],"a":[39,46,81,107,131],"portfolio":[40,64,89,102,149],"investment":[41,90,103],"with":[42,91,104,155,165],"options":[43,92,105,144],"in":[44,148],"such":[45],"kind":[47],"situation.":[49],"Treating":[50],"index":[53],"price":[54,158],"as":[55,136],"an":[56,61,129],"uncertain":[57,62],"variable,":[58],"we":[59,79,118],"build":[60],"mean-chance":[63],"model":[65],"based":[66],"on":[67],"uncertainty":[68],"theory":[69],"and":[70,93,122],"provide":[71],"equivalent":[73],"form":[74],"model.":[77],"Furthermore,":[78],"make":[80,119],"comparison":[82],"optimal":[85],"expected":[86,110],"return":[87,111],"between":[88],"without":[94,114],"options.":[95,115],"An":[96],"important":[97],"conclusion":[98],"is":[99,134,159],"reached:":[100],"The":[101,138],"produces":[106],"no":[108],"less":[109],"that":[113,142],"addition,":[117],"sensitivity":[120],"analysis":[121],"get":[123],"two":[124],"vital":[125],"corresponding":[126],"results.":[127],"As":[128],"illustration,":[130],"numerical":[132,139],"example":[133],"presented":[135],"well.":[137],"results":[140],"reveal":[141],"should":[145],"be":[146],"considered":[147],"investment.":[150],"And":[151],"call":[153],"option":[154],"maximum":[156],"exercise":[157,168],"most":[160],"valuable":[161],"per":[162],"premium":[163],"cost":[164],"same":[167],"date.":[169]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":3},{"year":2019,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}