Venture capital has proven to be an essential resource for economic growth, especially in some technological clusters. The focus is on the way the venture capitalist makes the investment decision and the portfolio selection. The aim of this paper is to formulate the venture capital investment problem through the Goal Programming model where the Financial Decision-Maker’s preferences will be explicitly incorporated through the concept of satisfaction functions. The proposed model will be illustrated by using data from an Italian venture capital fund

A cardinality constrained stochastic goal programming model with satisfaction functions for venture capital investment decision making / B. Aouni, C. Colapinto, D. La Torre. - In: ANNALS OF OPERATIONS RESEARCH. - ISSN 0254-5330. - 205:1(2013), pp. 77-88. [10.1007/s10479-012-1168-4]

A cardinality constrained stochastic goal programming model with satisfaction functions for venture capital investment decision making

C. Colapinto
Secondo
;
D. La Torre
Ultimo
2013

Abstract

Venture capital has proven to be an essential resource for economic growth, especially in some technological clusters. The focus is on the way the venture capitalist makes the investment decision and the portfolio selection. The aim of this paper is to formulate the venture capital investment problem through the Goal Programming model where the Financial Decision-Maker’s preferences will be explicitly incorporated through the concept of satisfaction functions. The proposed model will be illustrated by using data from an Italian venture capital fund
Cardinality constrained optimization; Financial decision-maker's preferences; Financial portfolio selection; Goal programming; Satisfaction functions; Venture capital
Settore SECS-S/06 - Metodi mat. dell'economia e Scienze Attuariali e Finanziarie
Settore SECS-P/08 - Economia e Gestione delle Imprese
2013
Article (author)
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/204583
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