A preference disaggregation decision support system for financial classification problemsA preference disaggregation decision support system for financial classification problems Peer-Reviewed Journal Publication Δημοσίευση σε Περιοδικό με Κριτές 2015-11-092001enClassification is one of the most extensively studied problems in the fields of multivariate statistical analysis, operations research and artificial intelligence. Decisions involving a classification of the alternative solutions are of major interest in finance, since several financial decision problems are best studied by classifying a set of alternative solutions (firms, loan applications, investment projects, etc.) in predefined classes. This paper proposes an alternative approach to the classical statistical methodologies that have been extensively used for the study of financial classification problems. The proposed methodology combines the preference disaggregation approach (a multicriteria decision aid method) with decision support systems. More specifically, the FINancial CLASsification (FINCLAS) multicriteria decision support system is presented. The system incorporates a plethora of financial modeling tools, along with powerful preference disaggregation methods that lead to the development of additive utility models for the classification of the considered alternatives into predefined classes. An application in credit granting is used to illustrate the capabilities of the system.http://creativecommons.org/licenses/by/4.0/European Journal of Operational Research1302402-413 Zopounidis Konstantinos Ζοπουνιδης Κωνσταντινος Michael Doumpos Δουμπος Μιχαλης Elsevier Multicriteria analysis Decision support systems Finance Preference disaggregation Credit granting