9th Joint International Conference on Information Sciences (JCIS-06)

A Personal Financial Planning Model Based on Fuzzy Multiple Goal Programming Method

Authors
Chieh-Yow ChiangLin 0
Corresponding author
Chieh-Yow ChiangLin
0Department of Finance, National KUAS
DOI
https://doi.org/10.2991/jcis.2006.31How to use a DOI?
Keywords
personal financial planning, mathematical programming, fuzzy multiple goals programming
Abstract
Traditional financial planning procedures began from taking into account the planner’s initial financial situation, his/her financial goals, and expectations for the future, etc. and then calculating the future cash flows for different time periods under variant scenarios. If the planning result cannot meet the planner’s expectation, then the planner has to adjust the tunable parameters continuously until obtaining an acceptable financial arrangement. Such a “trial-and-error” or so-called “what-if analysis” method does not promise to achieve an optimal planning result, and cannot afford to analyze how the financial plan will be modified when the parameters change. This paper proposes a generalized personal financial planning programming model with fuzzy multiple goals to solve the personal financial planning problem under a different way compared to the traditional methodology.
Copyright
© The authors. This article is distributed under the terms of the Creative Commons Attribution License 4.0, which permits non-commercial use, distribution and reproduction in any medium, provided the original work is properly cited. See for details: https://creativecommons.org/licenses/by-nc/4.0/
Open Access | Under Creative Commons license CC BY-NC 4.0

Download article (PDF)

Cite this article
ris
enw
bib
@inproceedings{ChiangLin2006,
  title={A Personal Financial Planning Model Based on Fuzzy Multiple Goal Programming Method},
  author={Chianglin, Chieh-Yow},
  year={2006},
  booktitle={9th Joint International Conference on Information Sciences (JCIS-06)},
  issn={1951-6851},
  isbn={978-90-78677-01-7},
  url={http://dx.doi.org/10.2991/jcis.2006.31},
  doi={10.2991/jcis.2006.31},
  publisher={Atlantis Press}
}
copy to clipboarddownload