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

Spiros Mouzakitis (), George Karamolegkos, Emmanouil Ntanos and John Psarras
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Spiros Mouzakitis: National Technical University of Athens
George Karamolegkos: National Technical University of Athens
Emmanouil Ntanos: National Technical University of Athens
John Psarras: National Technical University of Athens

Journal of Optimization Theory and Applications, 2011, vol. 150, issue 1, No 10, 156-165

Abstract: Abstract 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.

Keywords: Decision support systems; Multi-criteria optimization; Fuzzy logic; Business angels; Investment decisions (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1007/s10957-011-9811-9

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