Title :
OPF: A novel framework for fuzzy portfolio selection
Author :
Sri Cheng ; Cren Wei
Author_Institution :
Sch. of Inf., Capital Univ. of Econ. & Bus., Beijing, China
Abstract :
In this paper, we propose a novel framework - the Observer Pattern Framework (OPF) - which could better reflect the complex securities market. The core of the OPF is observer collecting relevant information from two different perspectives, namely, stock price statistics and force comparison between buyer and seller. Further, based on a practical example, we not only define observer equations and their characteristic relation, but also present numerical equations of theoretical model. Finally, the application of the OPF to the fuzzy portfolio selection problem is discussed.
Keywords :
fuzzy set theory; investment; marketing; numerical analysis; observers; pricing; OPF; buyer; characteristic relation; complex securities market; force comparison; fuzzy portfolio selection problem; numerical equations; observer pattern framework; seller; stock price statistics; Equations; Finance; Mathematical model; Observers; Portfolios; Quantum mechanics; Stock markets; fuzzy portfolio selection; observer equation; observer pattern framework; quantum finance;
Conference_Titel :
Management Science and Engineering (ICMSE), 2013 International Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4799-0473-0
DOI :
10.1109/ICMSE.2013.6586501