TY - JOUR T1 - A Systematic Approach for Asset Liability Management of Pension Funds in a Fuzzy Environment TT - مدیریت دارایی و بدهی در صندوق های بازنشستگی با رویکرد سیستمی در محیط فازی JF - JSE JO - JSE VL - 8 IS - 29 UR - http://jemr.khu.ac.ir/article-1-1545-en.html Y1 - 2017 SP - 201 EP - 239 KW - Asset Liability Management (ALM) KW - System Dynamics KW - Fuzzy Inference System KW - Pension Funds KW - Risk Matrix N2 - Since pension funds are among the most important and effective organizations in economic and social environments, it is critical to study their problems ahead. Asset and liability management (ALM) is a useful tool to study pension funds and their stakeholders. This paper tries to understand the key factors effecting on ALM and to analyze them using system dynamics. Fuzzy inference engine is also used to quantify the important risks in ALM. Results show that considering ALM and stakeholders’ benefits as whole and paying attention to risk factors such as changing population are the key factors for successful ALM. M3 10.29252/jemr.8.29.201 ER -