Selecting start-up businesses in a public Venture capital financing using Fuzzy PROMETHEE

Public Venture Capital financing often fail rigorous scrutiny in their selection of high-potential start-ups as compared to Private Venture capital. In some developing countries, decision making on final selection for financial support of early stage but high potential Small and Medium sized Enterprises (SMEs) are often 'clouded' by several factors including consideration of political party affiliations. This results in low capital recovery rate and a mischance in choosing deserving start-ups. This paper applies Fuzzy Preference Ranking Organization METHod for Enrichment Evaluation (Fuzzy PROMETHEE) method to evaluate and select early-stage but high potential start-up businesses in a government high priority area such as in Information and Communications Technology. A numerical example with pre-defined linguistic terms parameterized by triangular fuzzy numbers is provided. The framework could serve as a useful tool for decision makers in scrutinizing selection of start-ups in other government priority areas. © 2015 The Authors. Published by Elsevier B.V.MSMT-7778/2014, NPU, Northwestern Polytechnical Universit

Analisis performa mata uang virtual (Cryptocurrency) menggunakan metode preference ranking organization method for enrichment evaluation (PROMETHEE)

Mata uang virtual termasuk penemuan yang membuat heboh bidang ekonomi akhir-akhir ini. Karena dalam penggunaanya masih terdapat pro dan kontra dari berbagai negara. Terdapat beberapa negara yang dengan jelas menolak penggunaan mata uang virtual dan beberapa lainnya mendukung penggunaan mata uang virtual, karena dianggap sebagai modernisasi alat pembayaran. Selain digunakan untuk alat pembayaran, mata uang virtual juga dapat dijadikan salah satu pilihan untuk berinvestasi. Banyaknya mata uang virtual yang ada menyebabkan investor harus jeli dalam menentukan pilihan dengan tepat. Pada penelitian ini digunakan metode promethee I dan II untuk menentukan ranking 7 mata uang vitual. Promethee I merupakan metode penilaian secara parsial sedangkan Promethee II merupakan metode penilaian secara utuh. Data yang digunakan untuk perankingan didapat dari kuisioner "sentimen terhadap performa mata uang virtual (cryptocurrency)". Hasil analisis performa mata uang virtual menunjukkan bahwa komoditi investasi dari yang paling direkomendasikan berturut-turut adalah Bitcoin dengan nilai net flow sebesar 0.33267, Cardano 0.14267, Ethereum 0.04800, Ripple 0.04733, Stellar -0.04733, Litecoin -0.04767 dan Dogecoin -0.47567

Group decision-making models for venture capitalists: the PROMETHEE with hesitant fuzzy linguistic information

Venture capitalists (VCs) have long been preoccupied by the issue of selecting a promising start-up firm, whereas, ranking the available start-up firms is an effective way to solve this issue. In this paper, the PROMETHEE is chosen to be the fundamental ranking method. Also, the hesitant fuzzy linguistic term set is a suitable tool to simulate VCs’ evaluation information. Additionally, as the deepening of social division of labor and specialization of individuals, group decision making is famous for improving decision-making quality. Moreover, in the decision-making process, VCs exhibit behavioral characteristics which is depicted well by prospect theory that VCs are risk averse for gains and risk seeking for losses and rely on the transformed probability to make their decisions rather than unidimensional probability. Thus, a group prospect PROMETHEE with hesitant fuzzy linguistic information is constructed for VCs to make a better decision. Then, the proposed method is applied to rank start-up firms and the comparative analyses are made as well. It confirms that the group prospect PROMETHEE is better in describing the common behavioral characteristics of VCs and in enhancing the quality of evaluation