Constantin Zopounidis, Professor at Technical University of Crete, has opted for a systematic introduction of Multi-criteria Decision Analysis (MCDA) in financial management to optimize existing systems and avoid another collapse like the one behind the current crisis. Zopounidis has argued his position in his inaugural speech at the Real Academia de Ciencias Económicas y Financieras of Spain (RACEF) as Corresponding Academician to Greece, you have read this afternoon in Barcelona.

"The sophistication and complexity of financial models has increased, but the recent crisis raised criticism on their effectiveness. MCDA introduces tools and methods that enable the structuring of financial problems, the analysis of trade-offs among multiple objectives, and the evaluation of multiple ways of actions, in a systematic and rigorous manner", said the new Academic. Has responded to his speech on behalf of the RACEF his Full Academician José Daniel Barquero.