| Article ID: | iaor20116437 |
| Volume: | 150 |
| Issue: | 1 |
| Start Page Number: | 156 |
| End Page Number: | 165 |
| Publication Date: | Jul 2011 |
| Journal: | Journal of Optimization Theory and Applications |
| Authors: | Psarras John, Mouzakitis Spiros, Karamolegkos George, Ntanos Emmanouil |
| Keywords: | decision theory: multiple criteria, internet |
In this paper, a multi‐criteria method is presented for the evaluation and ranking of a selected set of companies as investment opportunities in aid of the relevant decision analysis process of business angels. The multi‐criteria methodology is based on the PROMETHEE method, which is further extended to deal with fuzzy input data in order to address the data imprecision and uncertainty of the decision process. The paper concludes by suggesting a web‐based system implementation of the proposed methodology, which will significantly enhance modern business angels networks.