A Fuzzy Multi-Criteria Outranking Approach in Support of Business Angels’ Decision Analysis Process for the Assessment of Companies as Investment Opportunities

In this paper, a multi-criteria method is presented for the evaluation and ranking of a selected set of companies as investment opportunities in aid of the relevant decision analysis process of business angels. The multi-criteria methodology is based on the PROMETHEE method, which is further extende...

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Veröffentlicht in:	Journal of optimization theory and applications 2011-07, Vol.150 (1), p.156-165
Hauptverfasser:	Mouzakitis, Spiros, Karamolegkos, George, Ntanos, Emmanouil, Psarras, John
Format:	Artikel
Sprache:	eng
Schlagworte:	Applications of Mathematics Applied sciences Calculus of Variations and Optimal Control Optimization Decision making Decision support systems Decision theory. Utility theory Engineering Exact sciences and technology Firm modelling Fuzzy logic Fuzzy sets Mathematics Mathematics and Statistics Methods Operational research and scientific management Operational research. Management science Operations Research/Decision Theory Optimization Portfolio theory Preferences Studies Theory of Computation
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Beschreibung
Zusammenfassung:	In this paper, a multi-criteria method is presented for the evaluation and ranking of a selected set of companies as investment opportunities in aid of the relevant decision analysis process of business angels. The multi-criteria methodology is based on the PROMETHEE method, which is further extended to deal with fuzzy input data in order to address the data imprecision and uncertainty of the decision process. The paper concludes by suggesting a web-based system implementation of the proposed methodology, which will significantly enhance modern business angels networks.
ISSN:	0022-3239 1573-2878
DOI:	10.1007/s10957-011-9811-9