A multi-criteria approach to formulating international project-financing strategies

Despite their commercial feasibility, many international projects have failed primarily because of poor financial planning. When formulating a project-financing strategy, financial managers of multinational corporations must consider a variety of conflicting objectives. The existence of conflicting goals makes the design of international project-financing strategies very difficult. A goal programming model is presented as an aid to financial managers for analysing trade-offs among conflicting financing goals and identifying the best multi-source financing package for major international projects.