An Approach to Select Optimal VC Project Portfolios Based on BCC

摘要：

To solve the problems resulting from the capital indivisibility and the scrutability of project return of investment (ROI), a new method for selecting project portfolio of Venture Capital (VC), I.e., the VCP-BCC/AR model, is proposed by introducing the concept of project preference (P-P). Based on the P-P concept, project portfolio preference rate (P 3 R) and the variance of P 3 R are also defined by using the technical thought of mean-variance model for the VCP-BCC/AR method. The method is built by way of the principle of data envelopment analysis and particularly of the model formation by Banker, Charnes and Cooper, and the technique of Assurance Region. The proposed method can derive the optimal project portfolios, and reflect the scale efficiency of project portfolio ROI which may provide helpful information for decision-making. Applied to a simulation example, the presented model is proved to be scientific, reasonable, and well applicable to real-world portfolio-selection problem of VC.

关键词： BCC DEA optimization project portfolio venture capital.

作者: LI Chunhao DU Yuanwei

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

会议类型: 国际会议

会议名称: 2007 Conference on Systems Science, Management Science and System Dynamics(第二届系统科学、管理科学与系统动力学国际会议)

会议地点: 上海

会议语种:英文

页码: 395-400

在线出版日期: 2007-10-19（万方平台首次上网日期，不代表论文的发表时间）