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

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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.

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Authors and Affiliations

  1. National Technical University of Athens, Heroon Polytechniou 9, Athens, 15780, Zografou, Greece

    Spiros Mouzakitis, George Karamolegkos, Emmanouil Ntanos & John Psarras

Authors
  1. Spiros Mouzakitis
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  2. George Karamolegkos
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  3. Emmanouil Ntanos
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  4. John Psarras
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Correspondence to Spiros Mouzakitis.

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Communicated by P.M. Pardalos.

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Mouzakitis, S., Karamolegkos, G., Ntanos, E. et al. A Fuzzy Multi-criteria Outranking Approach in Support of Business Angels’ Decision-Analysis Process for the Assessment of Companies as Investment Opportunities. J Optim Theory Appl 158, 274–283 (2013). https://doi.org/10.1007/s10957-011-9816-4

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