An Application On Evaluation Of Fund Selection Criteria In The Individual Retirement System (IRS) With Multi-Criteria Decision-Making Methods

Authors : Huriye Akpınar
Pages : 752-769
Doi:10.24988/ije.1519486
View : 98 | Download : 99
Publication Date : 2025-07-16
Article Type : Research Paper
Abstract :Investing involves allocating current financial resources with the expectation of generating future returns. The primary goal of investing is to grow wealth, ensure financial security, and achieve specific financial objectives such as retirement savings. There are various types of investments, including stocks, bonds, mutual funds, and real estate, each with a risk and return profile. Effective investment strategies often involve diversification to mitigate risk and maximize returns. Within retirement planning, the Individual Retirement System (IRS) plays a crucial role. The IRS allows individuals to contribute a portion of their income into retirement accounts, which are then invested in various financial instruments. This system provides a structured approach to retirement savings, offering flexibility and significant tax advantages. The selection of appropriate funds within these accounts is vital to ensuring optimal growth and security of retirement savings. This study aims to evaluate the criteria affecting fund selection in BES using two important multi-criteria decision-making methods: Analytical Hierarchy Process (AHP) and Analytical Network Process (ANP). By applying AHP and ANP, the study defines the effects of basic factors such as risk tolerance, liquidity, fund performance, and diversification on fund selection in BES and evaluates their impact levels. The study aims to increase investment decisions\\\' soundness and reliability and help individuals make informed choices compatible with their financial goals and risk preferences. At the end of the study, the impact levels of the criteria affecting fund selection were calculated, and the results were interpreted.
Keywords : Çok Kriterli Karar Verme, Fon Seçimi, Bireysel Emeklilik Sistemi, AHP, ANP

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