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

Journal of Optimization Theory and Applications

Volumn 150, Issue 1, 2011, Pages 156-165

  Mouzakitis, Spiros ^a   Karamolegkos, George ^a   Ntanos, Emmanouil ^a   Psarras, John ^a  

^a NATIONAL TECHNICAL UNIVERSITY OF ATHENS   (Greece)

Author keywords

Business angels; Decision support systems; Fuzzy logic; Investment decisions; Multi criteria optimization

Indexed keywords

ARTIFICIAL INTELLIGENCE; DECISION MAKING; FUZZY LOGIC; INVESTMENTS; MULTIOBJECTIVE OPTIMIZATION;

ANALYSIS PROCESS; BUSINESS ANGELS; FUZZY-LOGIC; INVESTMENT DECISIONS; INVESTMENT OPPORTUNITIES; MULTI-CRITERIA; MULTI-CRITERIA METHOD; MULTI-CRITERIA OPTIMISATION; MULTI-CRITERION; MULTI-CRITERION OPTIMIZATION;

DECISION SUPPORT SYSTEMS;

EID: 79958114214     PISSN: 00223239     EISSN: 15732878     Source Type: Journal    
DOI: 10.1007/s10957-011-9811-9     Document Type: Article

References (23)

1. Munck, C., Saublens, C.: Introduction to business angels and business angels network activities in Europe. European Association of Business Angels Networks Secretariat (2006).
2. Mason, C. M., Harrison, R. T.: Is it worth it? The rates of return from informal venture capital investments. J. Bus. Ventur. 17(3), 211-236 (2002).
3. European Commission-Enterprise Directorate-General: BEST Report No 1-"Benchmarking Business Angels" (2003).
4. European Association of Business Angels Networks Secretariat: Statistics Compendium based on the Information Provided by EBAN MEMBERS and Networks having responded to the survey conducted in 2006 (2007).
5. Zopounidis, K., Pardalos, P. M., Baourakis, G. (eds.): Fuzzy Systems in Management, Economy and Marketing. World Scientific, Singapore (2001).
6. Brans, J. P., Vincke, Ph., Mareschal, B.: How to select and how to rank projects: the PROMETHEE method. Eur. J. Oper. Res. 24, 228-238 (1986).
7. Vincke, J. P., Brans, P.: A preference ranking organization method: the PROMETHEE method for MCDM. Manag. Sci. 31, 641-656 (1985).
8. Triantaphyllou, E., Lootsma, F., Mann, S. H., Pardalos, P. M.: On the evaluation and application of different scales for quantifying pairwise comparisons in fuzzy sets. J. Multi-Criteria Decis. Anal. 3, 133-155 (1994).
9. Figuera, J., Greco, S., Ehrgott, M. (eds.): Multiple Criteria Decision Analysis, State of the Art Surveys. Springer, New York (2005).
10. Gotze, U., Northscott, D., Schuster, P.: Investment Appraisal: Methods and Models. Springer, New York (2007).
11. Triantaphyllou, E., Mann, S. H., Pardalos, P. M.: Minimization approach to membership evaluation in fuzzy sets and error analysis. J. Optim. Theory Appl. 66, 275-287 (1990).
12. Dubois, D., Prade, H.: Fuzzy Sets and Systems. Academic Press, New York (1988).
13. Zadeh, L. A.: Fuzzy sets. Inf. Control 8(3), 338-353 (1965).
14. Bellman, R., Zadeh, L. A.: Decision-making in a fuzzy environment. Manag. Sci. 17, 141-161 (1970).
15. Geldermann, J., Spengler, T., Rentz, O.: Fuzzy outranking for environmental assessment. Case study: iron and steel making industry. Fuzzy Sets Syst. 115, 45-65 (2000).
16. Yager, R. R., Filey, D. P.: Essentials of Fuzzy Modeling and Control, p. 388. Wiley, New York (1994).
17. Pardalos, P. M., Siskos, Y., Zopounidis, C. (eds.): Advances in Multicriteria Analysis. Kluwer Academic, Norwell (1995).
18. Doumpos, M., Zopounidis, C.: Multicriteria Decision Aid Classification Methods. Kluwer Academic, Dordrecht (2002).
19. Dillon, W. R., White, J. B., Rao, V. R., Filak, D.: Good science: use structural equation models to decipher complex customer relationships. Mark. Res. 9(4), 22-31 (1997).
20. Albadvi, A., Chaharsooghi, S. K., Esfahanipour, A.: Decision making in stock trading: an application of PROMETHEE. Eur. J. Oper. Res. 177, 673-683 (2007).
21. Rossi, P. H., Freeman, H. E., Lipsey, M. W.: Evaluation: A Systematic Approach, 7th edn. Sage, Thousand Oaks (2003).
22. Harrison, R. T., Mason, C. M.: The roles of investors in entrepreneurial companies: a comparison of informal investors and venture capitalists. In: Churchill, N. C., Birley, S., Bygrave, W. D., Muzyka, D. F., Wahlbin, C., Wetzel, W. E. (eds.) Frontiers of Entrepreneurship Research 1992, pp. 388-404. Babson College, Babson Park (1992).
23. Jungman, H., Seppa, M.: Investment decision criteria used by V2C investors. In: Babson Entrepreneurial Research Conference, Glasgow (2004).