<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0121-5051</journal-id>
<journal-title><![CDATA[Innovar]]></journal-title>
<abbrev-journal-title><![CDATA[Innovar]]></abbrev-journal-title>
<issn>0121-5051</issn>
<publisher>
<publisher-name><![CDATA[Facultad de Ciencias Económicas. Universidad Nacional de Colombia.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0121-50512024000300003</article-id>
<article-id pub-id-type="doi">10.15446/innovar.v34n93.99070</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[A Multicriteria Approach to Integration and Evaluation of Investment Portfolios: The New York Stock Exchange]]></article-title>
<article-title xml:lang="es"><![CDATA[Un enfoque multicriterio para la integración y evaluación de portafolios de inversión: el caso de la Bolsa de Valores de Nueva York]]></article-title>
<article-title xml:lang="pt"><![CDATA[Uma abordagem multicritério para integrar e avaliar portfólios de investimento: o caso da Bolsa de Valores de Nova York]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Muñoz Palma]]></surname>
<given-names><![CDATA[Manuel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Álvarez Carrillo]]></surname>
<given-names><![CDATA[Pavel Anselmo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Miranda Espinoza]]></surname>
<given-names><![CDATA[Eva Luz]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[León Castro]]></surname>
<given-names><![CDATA[Ernesto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,University of Sonora  ]]></institution>
<addr-line><![CDATA[Hermosillo ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Occidente  ]]></institution>
<addr-line><![CDATA[Culiacán ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,UADEO Ph. D. Student  ]]></institution>
<addr-line><![CDATA[Mochis ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af4">
<institution><![CDATA[,Universidad Católica de la Santísima Concepción  ]]></institution>
<addr-line><![CDATA[Concepción ]]></addr-line>
<country>Chile</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2024</year>
</pub-date>
<volume>34</volume>
<numero>93</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0121-50512024000300003&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0121-50512024000300003&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0121-50512024000300003&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract One of the problems investors often face is deciding on the stocks to include in an investment portfolio. Hence, this article seeks to select investment portfolios considering the 30 leading companies listed on the New York Stock Exchange (NYSE) of the Dow Jones Index. Portfolio selection in this index is carried out by generating a previous ranking of the shares with a novel approach that analyzes their performance using a multiple criteria hierarchical process (MCHP). The current research allows the evaluation of shares and optimizing a portfolio, while developing a procedure that supports a decision-making process for organizations or practitioners to invest in the stock market. The results of analyzing the NYSE generated a portfolio that can be used for interested investors. The main contribution of the application of MCHP and Markowitz model is related to the possibility of replicating the developed procedure to select portfolios in other stock markets.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen uno de los problemas que a menudo enfrentan los inversores es la decisión sobre qué acciones incluir en un portafolio de inversión. Por ello, este artículo presenta una selección de portafolios de inversión con base en información de las 30 principales empresas listadas en la Bolsa de Valores de Nueva York (NYSE, en inglés) y el índice bursátil Dow Jones. La selección de portafolios en este índice se lleva a cabo mediante la conformación de un ranking de las acciones que es generado tras aplicar un enfoque novedoso que analiza su rendimiento empleando un proceso jerárquico multicriterio (MCHP, en inglés). Así, esta investigación permite evaluar las acciones y la optimización de un portafolio, al tiempo que desarrolla un procedimiento para la toma de decisiones por parte de organizaciones o profesionales interesados en invertir en el mercado de valores. Los resultados del análisis de la NYSE permitieron generar un portafolio que puede ser utilizado a manera de referencia por los inversionistas. El principal aporte de la aplicación del MCHP y el modelo de Markowitz es la posibilidad de replicar el procedimiento desarrollado para seleccionar portafolios en otros mercados de valores.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Resumo um dos problemas que os investidores frequentemente enfrentam é decidir quais ações devem ser incluídas em uma carteira de investimentos. Portanto, este artigo apresenta uma seleção de carteiras de investimento com base nas informações das 30 principais empresas listadas na Bolsa de Valores de Nova York (NYSE, em inglês) e no índice de ações Dow Jones. A seleção de carteiras nesse índice é realizada por meio da formação de uma classificação de ações gerada após a aplicação de uma nova abordagem que analisa seu desempenho usando um processo de classificação multicritério (MCHP, em inglês). Assim, esta pesquisa permite a avaliação de ações e a otimização de um portfólio, ao mesmo tempo que desenvolve um procedimento de tomada de decisão para organizações ou profissionais interessados em investir no mercado de ações. Os resultados da análise da NYSE possibilitaram a geração de um portfólio que pode ser usado como referência pelos investidores. A principal contribuição da aplicação do MCHP e do modelo de Markowitz é a possibilidade de reproduzir o procedimento desenvolvido para selecionar porfólios em outros mercados acionários.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[ELECTRE-III]]></kwd>
<kwd lng="en"><![CDATA[Markowitz model]]></kwd>
<kwd lng="en"><![CDATA[multiple criteria hierarchical process]]></kwd>
<kwd lng="en"><![CDATA[NYSE]]></kwd>
<kwd lng="en"><![CDATA[portfolio selection]]></kwd>
<kwd lng="en"><![CDATA[stock exchange]]></kwd>
<kwd lng="es"><![CDATA[ELECTRE-III]]></kwd>
<kwd lng="es"><![CDATA[modelo de Markowitz]]></kwd>
<kwd lng="es"><![CDATA[proceso jerárquico multicriterio]]></kwd>
<kwd lng="es"><![CDATA[Bolsa de Nueva York]]></kwd>
<kwd lng="es"><![CDATA[selección de cartera]]></kwd>
<kwd lng="es"><![CDATA[bolsa de valores]]></kwd>
<kwd lng="pt"><![CDATA[ELECTRE-III]]></kwd>
<kwd lng="pt"><![CDATA[modelo de Markowitz]]></kwd>
<kwd lng="pt"><![CDATA[processo hierárquico multicritério]]></kwd>
<kwd lng="pt"><![CDATA[Bolsa de Valores de Nova York]]></kwd>
<kwd lng="pt"><![CDATA[seleção de carteiras]]></kwd>
<kwd lng="pt"><![CDATA[mercado de ações]]></kwd>
<kwd lng="en"><![CDATA[G01]]></kwd>
<kwd lng="en"><![CDATA[M02]]></kwd>
<kwd lng="en"><![CDATA[M05]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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<given-names><![CDATA[Y.]]></given-names>
</name>
<name>
<surname><![CDATA[Wang]]></surname>
<given-names><![CDATA[S.]]></given-names>
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</person-group>
<article-title xml:lang=""><![CDATA[Multi&#8208;period portfolio selection with investor views based on scenario tree]]></article-title>
<source><![CDATA[Applied Mathematics and Computation]]></source>
<year>2022</year>
<volume>418</volume>
<page-range>126813</page-range></nlm-citation>
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</article>
