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- Assessing credit risk of mortgage lending using MACBETH: a methodological frameworkPublication . Ferreira, F. A. F.; Santos, Sérgio Pereira dos; Marques, C. S. E.; Ferreira, J. J. M.Purpose - Considered the largest investment for most households, buying a house requires careful and transparent analysis by all parties involved in the transaction. The aim of this paper is to propose a methodological framework allowing for the readjustment of trade-offs among risk evaluation criteria, considered of extreme importance in the lending decision process of mortgage loans. Design/methodology/approach – Multiple criteria decision analysis (MCDA) has proved over the years to be effective and versatile in handling compensations among criteria. Measuring attractiveness is applied by a categorical based evaluation technique (MACBETH) to a pre-established structure of credit-scoring criteria for mortgage lending risk evaluation. This pre-established structure is currently used by one of the largest banks in Portugal. Findings – The framework allowed the authors to provide the credit experts who participated in the study with a more informed, transparent and accurate mortgage-lending risk-evaluation system. The sensitivity and robustness analyses carried out also helped in promoting discussion and supporting the readjustments made. Research limitations/implications – The study shows the usefulness of using the MACBETH approach to assist credit analysts in making better informed decisions, and opens avenues for further research. However, due to the dependence on the participants involved, extrapolations without proper caution are discouraged. Practical implications – The credit analysts who participated in this study considered the framework more discerning in terms of Basel directives. Originality/value – The integration of MACBETH and credit-scoring mechanisms holds great potential for risk assessment and decision support. No prior work reporting the application of MACBETH in terms of mortgage-lending risk-evaluation is known.
- A multiple criteria information system for pedagogical evaluation and development of teachersPublication . Filipe, M. N. M.; Ferreira, F. A. F.; Santos, Sérgio Pereira dosInformation systems for the evaluation of pedagogical practices emerged to improve the teaching activity and encourage pedagogical development of teachers. The implementation of these systems has been interpreted in different ways, depending on each school’s administration board and/or the person responsible for the evaluation process. This ambiguity (and inherent subjectivity) is a barrier to the principles of transparency, equity and fairness in the pedagogical performance evaluation of teachers. In order to overcome this obstacle, this paper proposes a multiple criteria decision analysis (MCDA) information system to support evaluation of pedagogical practices, providing a better basis for the justification and explanation of decisions regarding the pedagogical evaluation and performance development of teachers, and leading to a more transparent and fairer evaluation system.