The Study on Venture Investment Evaluation Based on Linguistic Variables for Chinese Case

Peide Liu

Journal of Business Economics and Management, 2011, vol. 12, issue 2, 219-233

Abstract: The venture investment evaluation plays a very important role in the venture investment operation process. The goal of the paper is development of evaluation index systems and evaluation methods for venture investment. Firstly, the evaluation index systems of venture investment project are constructed in accordance with China's practical situation. Then evaluation models have been presented. In the models, operational laws of linguistic variables and distance of two linguistic variables are defined; and a single objective optimization model is constructed by maximizing deviation method to get the objective weights of indexes, and alternatives are ranked by TOPSIS and grey relation methods respectively. Finally, a numerical example is given to illustrate the evaluation procedures of two approaches. The case shows that two different approaches get the same result, but TOPSIS is simpler apparently.

Date: 2011
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DOI: 10.3846/16111699.2011.573284

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