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.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Chianglin, Chieh-Yow
DA  - 2006/10/05
TI  - A Personal Financial Planning Model Based on Fuzzy Multiple Goal Programming Method
BT  - 9th Joint International Conference on Information Sciences (JCIS-06)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/jcis.2006.31
DO  - https://doi.org/10.2991/jcis.2006.31
ID  - ChiangLin2006
ER  -