A cardinality constrained stochastic goal programming model with satisfaction functions for venture capital investment decision making

Belaïd Aouni (), Cinzia Colapinto () and Davide La Torre

Annals of Operations Research, 2013, vol. 205, issue 1, 77-88

Abstract: Venture capital has proven to be an essential resource for economic growth, especially in some technological clusters. The focus is on the way the venture capitalist makes the investment decision and the portfolio selection. The aim of this paper is to formulate the venture capital investment problem through the Goal Programming model where the Financial Decision-Maker’s preferences will be explicitly incorporated through the concept of satisfaction functions. The proposed model will be illustrated by using data from an Italian venture capital fund. Copyright Springer Science+Business Media, LLC 2013

Keywords: Venture capital; Financial portfolio selection; Financial decision-maker’s preferences; Goal programming; Satisfaction functions; Cardinality constrained optimization (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (14)

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DOI: 10.1007/s10479-012-1168-4

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