{"id":"https://openalex.org/W2898653336","doi":"https://doi.org/10.3390/computers7040057","title":"A Novel Framework for Portfolio Selection Model Using Modified ANFIS and Fuzzy Sets","display_name":"A Novel Framework for Portfolio Selection Model Using Modified ANFIS and Fuzzy Sets","publication_year":2018,"publication_date":"2018-10-31","ids":{"openalex":"https://openalex.org/W2898653336","doi":"https://doi.org/10.3390/computers7040057","mag":"2898653336"},"language":"en","primary_location":{"id":"doi:10.3390/computers7040057","is_oa":true,"landing_page_url":"https://doi.org/10.3390/computers7040057","pdf_url":"https://www.mdpi.com/2073-431X/7/4/57/pdf?version=1542185546","source":{"id":"https://openalex.org/S4210228075","display_name":"Computers","issn_l":"2073-431X","issn":["2073-431X"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Computers","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2073-431X/7/4/57/pdf?version=1542185546","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103267026","display_name":"Chanchal Kumar","orcid":"https://orcid.org/0000-0002-3048-9842"},"institutions":[{"id":"https://openalex.org/I59475050","display_name":"Jamia Millia Islamia","ror":"https://ror.org/00pnhhv55","country_code":"IN","type":"education","lineage":["https://openalex.org/I59475050"]}],"countries":["IN"],"is_corresponding":true,"raw_author_name":"Chanchal Kumar","raw_affiliation_strings":["Department of Computer Engineering, Jamia Millia Islamia, New Delhi 110025, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Computer Engineering, Jamia Millia Islamia, New Delhi 110025, India","institution_ids":["https://openalex.org/I59475050"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5109416705","display_name":"M. N. Doja","orcid":null},"institutions":[{"id":"https://openalex.org/I59475050","display_name":"Jamia Millia Islamia","ror":"https://ror.org/00pnhhv55","country_code":"IN","type":"education","lineage":["https://openalex.org/I59475050"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Mohammad Najmud Doja","raw_affiliation_strings":["Department of Computer Engineering, Jamia Millia Islamia, New Delhi 110025, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Computer Engineering, Jamia Millia Islamia, New Delhi 110025, India","institution_ids":["https://openalex.org/I59475050"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5103267026"],"corresponding_institution_ids":["https://openalex.org/I59475050"],"apc_list":{"value":1600,"currency":"CHF","value_usd":1732},"apc_paid":{"value":1600,"currency":"CHF","value_usd":1732},"fwci":0.8492,"has_fulltext":true,"cited_by_count":7,"citation_normalized_percentile":{"value":0.77814622,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"7","issue":"4","first_page":"57","last_page":"57"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.9416000247001648,"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":0.9416000247001648,"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/T11326","display_name":"Stock Market Forecasting Methods","score":0.9218000173568726,"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/adaptive-neuro-fuzzy-inference-system","display_name":"Adaptive neuro fuzzy inference system","score":0.878415584564209},{"id":"https://openalex.org/keywords/cvar","display_name":"CVAR","score":0.8194274306297302},{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.5800070762634277},{"id":"https://openalex.org/keywords/selection","display_name":"Selection (genetic algorithm)","score":0.570624589920044},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.5626179575920105},{"id":"https://openalex.org/keywords/variance","display_name":"Variance (accounting)","score":0.5117223262786865},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.49161702394485474},{"id":"https://openalex.org/keywords/scheme","display_name":"Scheme (mathematics)","score":0.47163936495780945},{"id":"https://openalex.org/keywords/fuzzy-logic","display_name":"Fuzzy logic","score":0.45499783754348755},{"id":"https://openalex.org/keywords/quadratic-equation","display_name":"Quadratic equation","score":0.43080437183380127},{"id":"https://openalex.org/keywords/layer","display_name":"Layer (electronics)","score":0.41212669014930725},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.39256560802459717},{"id":"https://openalex.org/keywords/expected-shortfall","display_name":"Expected shortfall","score":0.32674163579940796},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.2560674846172333},{"id":"https://openalex.org/keywords/fuzzy-control-system","display_name":"Fuzzy control system","score":0.1699773669242859},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.11367741227149963}],"concepts":[{"id":"https://openalex.org/C186108316","wikidata":"https://www.wikidata.org/wiki/Q352530","display_name":"Adaptive neuro fuzzy inference system","level":4,"score":0.878415584564209},{"id":"https://openalex.org/C2779922397","wikidata":"https://www.wikidata.org/wiki/Q5014755","display_name":"CVAR","level":4,"score":0.8194274306297302},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5800070762634277},{"id":"https://openalex.org/C81917197","wikidata":"https://www.wikidata.org/wiki/Q628760","display_name":"Selection (genetic algorithm)","level":2,"score":0.570624589920044},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.5626179575920105},{"id":"https://openalex.org/C196083921","wikidata":"https://www.wikidata.org/wiki/Q7915758","display_name":"Variance (accounting)","level":2,"score":0.5117223262786865},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.49161702394485474},{"id":"https://openalex.org/C77618280","wikidata":"https://www.wikidata.org/wiki/Q1155772","display_name":"Scheme (mathematics)","level":2,"score":0.47163936495780945},{"id":"https://openalex.org/C58166","wikidata":"https://www.wikidata.org/wiki/Q224821","display_name":"Fuzzy logic","level":2,"score":0.45499783754348755},{"id":"https://openalex.org/C129844170","wikidata":"https://www.wikidata.org/wiki/Q41299","display_name":"Quadratic equation","level":2,"score":0.43080437183380127},{"id":"https://openalex.org/C2779227376","wikidata":"https://www.wikidata.org/wiki/Q6505497","display_name":"Layer (electronics)","level":2,"score":0.41212669014930725},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.39256560802459717},{"id":"https://openalex.org/C5496284","wikidata":"https://www.wikidata.org/wiki/Q5420856","display_name":"Expected shortfall","level":3,"score":0.32674163579940796},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.2560674846172333},{"id":"https://openalex.org/C195975749","wikidata":"https://www.wikidata.org/wiki/Q1475705","display_name":"Fuzzy control system","level":3,"score":0.1699773669242859},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.11367741227149963},{"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/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C178790620","wikidata":"https://www.wikidata.org/wiki/Q11351","display_name":"Organic chemistry","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.3390/computers7040057","is_oa":true,"landing_page_url":"https://doi.org/10.3390/computers7040057","pdf_url":"https://www.mdpi.com/2073-431X/7/4/57/pdf?version=1542185546","source":{"id":"https://openalex.org/S4210228075","display_name":"Computers","issn_l":"2073-431X","issn":["2073-431X"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Computers","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:df6d53cda1a34e36bc99372a59e5d8d6","is_oa":true,"landing_page_url":"https://doaj.org/article/df6d53cda1a34e36bc99372a59e5d8d6","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Computers, Vol 7, Iss 4, p 57 (2018)","raw_type":"article"},{"id":"pmh:oai:mdpi.com:/2073-431X/7/4/57/","is_oa":true,"landing_page_url":"http://doi.org/10.3390/computers7040057","pdf_url":null,"source":{"id":"https://openalex.org/S4306400947","display_name":"MDPI (MDPI AG)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210097602","host_organization_name":"Multidisciplinary Digital Publishing Institute (Switzerland)","host_organization_lineage":["https://openalex.org/I4210097602"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Computers","raw_type":"Text"}],"best_oa_location":{"id":"doi:10.3390/computers7040057","is_oa":true,"landing_page_url":"https://doi.org/10.3390/computers7040057","pdf_url":"https://www.mdpi.com/2073-431X/7/4/57/pdf?version=1542185546","source":{"id":"https://openalex.org/S4210228075","display_name":"Computers","issn_l":"2073-431X","issn":["2073-431X"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Computers","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.46000000834465027,"display_name":"Peace, Justice and strong institutions","id":"https://metadata.un.org/sdg/16"}],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2898653336.pdf","grobid_xml":"https://content.openalex.org/works/W2898653336.grobid-xml"},"referenced_works_count":46,"referenced_works":["https://openalex.org/W630699424","https://openalex.org/W1647779468","https://openalex.org/W1694533536","https://openalex.org/W1970529952","https://openalex.org/W1974385937","https://openalex.org/W1991433356","https://openalex.org/W1998409204","https://openalex.org/W2001042983","https://openalex.org/W2011030315","https://openalex.org/W2011338545","https://openalex.org/W2012587101","https://openalex.org/W2017205271","https://openalex.org/W2018566550","https://openalex.org/W2019820322","https://openalex.org/W2027629256","https://openalex.org/W2031620027","https://openalex.org/W2040153945","https://openalex.org/W2040700393","https://openalex.org/W2040956360","https://openalex.org/W2045251559","https://openalex.org/W2074883049","https://openalex.org/W2079642446","https://openalex.org/W2085151658","https://openalex.org/W2089591483","https://openalex.org/W2093376217","https://openalex.org/W2098781286","https://openalex.org/W2109309041","https://openalex.org/W2117678451","https://openalex.org/W2137724915","https://openalex.org/W2148175544","https://openalex.org/W2154589806","https://openalex.org/W2259386890","https://openalex.org/W2274070439","https://openalex.org/W2466613816","https://openalex.org/W2560025697","https://openalex.org/W2621250964","https://openalex.org/W2624457417","https://openalex.org/W2756444473","https://openalex.org/W2795386069","https://openalex.org/W3125794401","https://openalex.org/W3125975971","https://openalex.org/W3126036407","https://openalex.org/W4300654080","https://openalex.org/W6620161027","https://openalex.org/W6637466984","https://openalex.org/W6807091881"],"related_works":["https://openalex.org/W4316167276","https://openalex.org/W2002736235","https://openalex.org/W2232143283","https://openalex.org/W1647779468","https://openalex.org/W48101171","https://openalex.org/W2989754218","https://openalex.org/W3124407081","https://openalex.org/W2096554740","https://openalex.org/W3096753274","https://openalex.org/W3124108412"],"abstract_inverted_index":{"This":[0,12],"paper":[1],"proposes":[2],"a":[3],"novel":[4],"framework":[5,13,45,97,176],"for":[6,34,134,164],"solving":[7],"the":[8,49,80,89,96,135,138,151,155,168,175,178,192,195],"portfolio":[9],"selection":[10],"problem.":[11],"is":[14,93,110,182],"excogitated":[15],"using":[16,37,98],"two":[17,63],"newly":[18,64,103],"parameters":[19,65],"obtained":[20,75],"from":[21,73,76,150,174],"an":[22,161,165],"existing":[23,114,127,196],"basic":[24],"mean":[25],"variance":[26],"model.":[27],"The":[28,44,84,105,146,170],"scheme":[29],"can":[30],"prove":[31],"entirely":[32],"advantageous":[33],"decision-making":[35],"while":[36],"computed":[38,94],"values":[39],"of":[40,48,82,108,116,126,137,141,154,194],"these":[41,102,185],"significant":[42,54],"parameters.":[43,104],"combines":[46],"effectiveness":[47],"mean-variance":[50,77],"model":[51,78],"and":[52,68,79,118,177,184,189],"another":[53],"parameter":[55,148],"called":[56],"Conditional-Value-at-Risk":[57],"(CVaR).":[58],"It":[59],"focuses":[60],"on":[61],"extracting":[62],"viz.":[66],"\u03b1new":[67],"\u03b2new,":[69],"which":[70,92],"are":[71,132,187],"demarcated":[72],"results":[74,172,186,193],"value":[81],"CVaR.":[83],"method":[85],"intends":[86],"to":[87],"minimize":[88],"overall":[90],"cost,":[91],"in":[95,167],"quadratic":[99],"equations":[100],"involving":[101],"new":[106,120,143,156,179],"structure":[107,115,121,158,181],"ANFIS":[109,117,144,157,197],"designed":[111],"by":[112],"changing":[113],"this":[119,142],"contains":[122],"six":[123],"layers":[124],"instead":[125],"five-layered":[128],"structure.":[129,145,198],"Fuzzy":[130],"sets":[131],"harnessed":[133],"design":[136],"second":[139],"layer":[140,153],"output":[147],"acquired":[149,173],"sixth":[152],"serves":[159],"as":[160],"important":[162],"index":[163],"investor":[166],"decision-making.":[169],"numerical":[171],"six-layered":[180],"presented":[183],"assimilated":[188],"compared":[190],"with":[191]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":3}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}
