Article ID: | iaor20132684 |
Volume: | 205 |
Issue: | 1 |
Start Page Number: | 77 |
End Page Number: | 88 |
Publication Date: | May 2013 |
Journal: | Annals of Operations Research |
Authors: | Aouni Belad, Colapinto Cinzia, Torre Davide |
Keywords: | programming: goal |
Venture capital has proven to be an essential resource for economic growth, especially in some technological clusters. The focus is on the way the venture capitalist makes the investment decision and the portfolio selection. The aim of this paper is to formulate the venture capital investment problem through the Goal Programming model where the Financial Decision‐Maker’s preferences will be explicitly incorporated through the concept of satisfaction functions. The proposed model will be illustrated by using data from an Italian venture capital fund.