An Approach to Select Pareto-optimal VC Project Portfolios

摘要：

To solve the problems of current portfolio selection methods of venture capital (VC) projects, resulting from the capital indivisibility and the scrutability of return of investment (ROI) of VC projects, two key concepts of project portfolio preference rate (TPR) and the variance of TPR (VTPR) are defined based on the project evaluation criteria (PEC) for VC projects, using the technical thought of mean-variance (MV) model. On the basis of TPR and VTPR, a model named VCPDEA/AR, which is able to derive the pareto-optimal project portfolios, is presented by way of the principle of data envelopment analysis (DEA) with assurance region (AR). Applied to an illustrative example, the VCP-DEA/AR model is proved to be scientific, reasonable, and well applicable to real-world portfolio-selection problem of VC.

关键词： DEA pareto-optimization project portfolio venture capital

作者: LI Chun-hao DU Yuan-wei

作者单位: School of Management Jilin University Changchun, China

会议类型: 国际会议

会议名称: 第三届IEEE无线通讯、网络技术暨移动计算国际会议

会议地点: 上海

会议语种:英文

在线出版日期: 2007-09-21（万方平台首次上网日期，不代表论文的发表时间）