Application of AHP-GCP Model in Evaluation of Venture Capital Projects

Author

Huang, Gong ; Shi-juan, Zhu

Author_Institution

Sch. of Manage., China Univ. of Min. & Technol.

fYear

2006

fDate

5-7 Oct. 2006

Firstpage

1892

Lastpage

1895

Abstract

As a new type of investment tool, venture capital is different from traditional financial investment. It is more complicated, more professional, and with strong subjectivity. The various kinds of assessment methods at present are difficult to reflect the characteristics of venture capital, which to some extent reduce the rationality and objectivity of the assessment result. The paper constructs an AHP-GCP model by the valid connection of AHP (analytic hierarchy process) and GCP (gray clustering process) of the gray theory, and applies it in evaluation of venture capital projects. Through the examination of the model, the result indicates that this method can evaluate the risk of venture capital projects effectively, and can remedy the defects of the traditional venture capital evaluation to some extent

Keywords

decision making; grey systems; pattern clustering; risk analysis; venture capital; analytic hierarchy process; gray clustering process; gray theory; investment; risk analysis; venture capital; Computation theory; Financial management; Fuzzy neural networks; Investments; Mathematics; Network synthesis; Principal component analysis; Project management; Technology management; Venture capital; Analytic hierarchy process; Gray clustering process; Venture capital;

fLanguage

English

Publisher

ieee

Conference_Titel

Management Science and Engineering, 2006. ICMSE '06. 2006 International Conference on

Conference_Location

Lille

Print_ISBN

7-5603-2355-3

Type

conf

DOI

10.1109/ICMSE.2006.314100

Filename

4105204