A Fuzzy Goal Programming Model for Venture Capital Investment Decision Making

In this article a fuzzy goal programming model is developed to solve multiobjective unbalanced transportation problems with fuzzy random parameters. In model formulation process the cost coefficients of the objectives are considered as fuzzy numbers and the supplies and demands are considered as fuzzy random variables with known fuzzy probability distribution from the view point of probabilistic as well as possibilistic uncertainties involved with the model. A fuzzy programming model is first constructed by applying chance constrained programming methodology in fuzzy environment. Then, the model is decomposed on the basis of the tolerance ranges of the fuzzy numbers associated with it. The individual optimal solution of each decomposed objectives is found in isolation to construct the membership goals of the objectives. Finally, priority based fuzzy goal programming technique is used to achieve the highest degree of each of the defined membership goals to the extent possible by minimizing the under deviational variables and thereby obtaining optimal allocation of products by using distance function in a cost minimizing decision making environment. An illustrative example is solved and compared with existing technique to explore the potentiality of the proposed methodology.

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Goal Programming for Decision Making in Closely Held Businesses

American Journal of Small Business ◽

10.1177/104225877900300404 ◽

1979 ◽

Vol 3 (4) ◽

pp. 31-41 ◽

Cited By ~ 4

Author(s):

Sang M. Lee ◽

Robert T. Justis ◽

Lori Sharp Franz

Keyword(s):

Decision Making ◽

Small Business ◽

Decision Maker ◽

Goal Programming ◽

Small Businesses ◽

Fast Food ◽

Programming Model ◽

Multiple Goals ◽

Business Decision ◽

Goal Programming Model

There are few analytical and managerial tools available to assist the small business decision maker. This paper presents a practical goal Programming model which can be easily generalized to fit the planning needs of most small businesses. Specifically the model explicitly considers the multiple goals and priorities of the owner-manager and determines if these goals can be accomplished under various demand Projections. An illustrative example of the use of this model with a small fast-food business is given.

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A goal programming model for solving the incomplete stochastic multi-attribute decision making

2011 International Conference on Business Management and Electronic Information ◽

10.1109/icbmei.2011.5917920 ◽

2011 ◽

Author(s):

Wen-tao Xiong ◽

Sheng-ping Yu

Keyword(s):

Decision Making ◽

Goal Programming ◽

Programming Model ◽

Goal Programming Model ◽

Multi Attribute Decision Making

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Financial Appraisal and the IS/IT Investment Decision Making Process

Journal of Information Technology ◽

10.1177/026839629801300101 ◽

1998 ◽

Vol 13 (1) ◽

pp. 3-14 ◽

Cited By ~ 8

Author(s):

Joan Ballantine ◽

Stephanie Stray

Keyword(s):

Decision Making ◽

Information Technology ◽

Capital Investment ◽

Investment Decision ◽

Decision Making Process ◽

It Investment ◽

It Investments ◽

Investment Appraisal ◽

Investment Decision Making ◽

Financial Appraisal

This paper explores the techniques used by organizations to appraise Information Systems (IS)/Information Technology (IT) investments, and concentrates, in particular, on techniques of capital investment appraisal. We draw on relevant studies reported in both the accounting and finance, and the IS literature, which have addressed their usage. Where possible comparisons are drawn between both sets of literatures. The results of a survey that specifically examined IS/IT investment appraisal practices of a sample of UK companies is also presented. Among the issues discussed include the extent to which capital investment appraisal techniques are used to appraisal investments, the importance of the techniques used and the problems attendant on the decision making process.

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