Table 2.
Key research gaps and corresponding methodological contributions.
| Focus area | Research gap | Proposed solution |
|---|---|---|
| Integration of subjective and behavioral dimensions | Most existing decision-making frameworks primarily emphasize numerical indicators, while human-related aspects such as expert judgment, behavioral tendencies, and strategic intuition are often insufficiently addressed. | The proposed RANCOM module explicitly incorporates expert evaluations, allowing behavioral preferences and professional insights to be systematically integrated alongside quantitative data. |
| Weighting of financial and strategic criteria | Many prior studies depend either on purely subjective weighting schemes or fully data-driven techniques, which may result in biased or unstable weight distributions. | The LOPCOW method is employed to derive objective weights by analyzing data variability and informational contribution, thereby improving consistency while still supporting informed decision-making. |
| Preference modeling and alternative ranking | Conventional EPROMETHEE-II approaches often show limited responsiveness to nonlinear relationships and minor preference differences among competing alternatives. | An enhanced EPROMETHEE-II mechanism is adopted to better capture preference intensity, leading to more reliable, transparent, and meaningful ranking results. |
| Portfolio optimization and risk-responsive management | Traditional portfolio selection models frequently overlook ESG considerations, adaptive investment behavior, and the growing complexity of modern financial assets. | The proposed framework evaluates investment alternatives in a comprehensive manner, enabling risk-aware and ESG-integrated portfolio optimization under dynamic market conditions. |
| Modeling and managing uncertainty | Uncertainty arising from expert assessments and fluctuating market environments is not adequately represented in many existing decision models. | Intuitionistic fuzzy Z-number (IFZN) modeling is utilized to better reflect uncertainty and reliability in expert opinions, thereby strengthening the robustness of the evaluation process. |
| Decision support in evolving financial contexts | Several available decision-support tools lack flexibility and fail to adapt to rapidly changing financial and economic environments. | By combining objective weighting, expert judgment, and uncertainty handling, the proposed decision-support framework offers an adaptive and context-aware solution for complex financial decision-making. |