Application of the Multi-attribute Projection Model in Risk Evaluation of the Venture Capital Investment
Because of the incomplete information of economic environment, venture capital investment projects usually have great uncertainty. Therefore, it is necessary to properly evaluate the risk of several investment projects for selecting the potential one. This paper considers that the risk factors of investment projects is comprised of market risk, technology risk,management risk, setting risk, production risk and finance risk. Taking these risk factors as the evaluation index, decision-maker group can mark score for investment projects, where low score represents low risk and high score represents high risk. Thus the risk decision and evaluation matrix is formulated. Refer to the subjective preference of decision makers and based on the projection model, this paper develops a multi-attribute decision and evaluation model of risk evaluation which can be used for selection of investment projects. At last ￡?a numerical example is illustrated to show the feasibility and effectiveness of this method.
Risk evaluation Venture capital investment project Multi-attribute decision projection model Groupdecision.
Xiaofeng Liu Weiping Yi
School of Economics and Management,Beihang University, Beijing, China 100083
国际会议
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)
上海
英文
1439-1446
2007-10-19（万方平台首次上网日期，不代表论文的发表时间）