Publication detail

Fuzzy Model of Investments into High - Tech Projects

KUBÍČKOVÁ, A. PAVLÍČEK, M.

Original Title

Fuzzy Model of Investments into High - Tech Projects

Type

journal article - other

Language

English

Original Abstract

Purpose of the article Relations among parameters of High - Tech projects are very complex, vague, partially inconsistent and multidimensional. Optimal decisions to invest into High - Tech companies require top field experts and knowledgeable investors. Therefore the conventional methods of investments analysis are not relevant. Therefore fuzzy logic is introduced. Methodology/methods A fuzzy knowledge base is a flexible framework for acquisition of vague inconsistent knowledge items which are typical for knowledge economics and consequently for High - Tech projects. The pooling of the records and / or observations represents a trade-off between minimal modification of the original data and elimination of inconsistencies among available sets of data. Scientific aim The paper presents a detailed description of fuzzy model of investment decision making into High – Tech firm s projects. A set of conditional statements was used to formalize the effects of selected variables on investment feasibility of High - Tech projects. The main aim is to quantify feasibilities of High - Tech projects risk investors make good /not bad decisions. Findings A set of 50 observations of High - Tech companies was transformed into a set of 50 conditional statements using 14 variables. The result is the fuzzy model, which can be used to answer investors queries. Two queries are answered and presented in details as an example and as a nucleus of a fuzzy dialogue investor - computer. Conclusions (limits, implications etc) The main problem is the sparseness of the fuzzy model. Many fuzzy similarities are relatively low and the decision process is therefore often problematic. A much more complex set of variables must be applied to specify the fuzzy model to increase reliability of predictions and decisions.

Keywords

Fuzzy Interpolation, Fuzzy Knowledge Base, Fuzzy Model, Fuzzy Reasoning, Investment Decision Making, High – Tech Projects

Authors

KUBÍČKOVÁ, A.; PAVLÍČEK, M.

RIV year

2012

Released

31. 12. 2012

ISBN

1802-8527

Periodical

TRENDY EKONOMIKY A MANAGEMENTU

Year of study

VI

Number

12

State

Czech Republic

Pages from

103

Pages to

113

Pages count

11

BibTex

@article{BUT97648,
  author="Alžběta {Kubíčková} and Michal {Pavlíček}",
  title="Fuzzy Model of Investments into High - Tech Projects",
  journal="TRENDY EKONOMIKY A MANAGEMENTU",
  year="2012",
  volume="VI",
  number="12",
  pages="103--113",
  issn="1802-8527"
}