Title :
Study on Fuzzy Optimal Dynamic Partner Choice in Private Equity Investment
Author :
Zhang, Xubo ; Zhang, Chengbo
Author_Institution :
Sch. of Econ. & Manage., Wuhan Polytech. Univ., Wuhan, China
Abstract :
There are four types risk in private equity syndication partnerspsila choice: capability risk, organization risk, moral hazard and cooperation termination risk. This paper use fuzzy optimal dynamic programming build a risk-weighted optimal return model to avoid the risk in the syndication partner´s choice in private equity. Get the multi-stage optimal syndication partners selection set. An example is used to demonstrate our risk avoiding model.
Keywords :
dynamic programming; fuzzy set theory; investment; marketing; risk analysis; capability risk; cooperation termination risk; fuzzy optimal dynamic programming; moral hazard risk; organization risk; partner choice selection set; private equity investment; private equity market; risk-weighted optimal return model; Dynamic programming; Ethics; Financial management; Hazards; Investments; Portfolios; Risk analysis; Risk management; Uncertainty; Venture capital; dynamic programming; fuzzy optimal; private equity; syndication partners choice;
Conference_Titel :
Control, Automation and Systems Engineering, 2009. CASE 2009. IITA International Conference on
Conference_Location :
Zhangjiajie
Print_ISBN :
978-0-7695-3728-3
DOI :
10.1109/CASE.2009.168
