A Multi-objective model for selection of projects to finance new enterprise SMEs in Colombia

Purpose: This paper presents a multi-objective programming model for selection of Projects for Financing New Enterprise SMEs in Colombia with objectivity and transparency in every call. Approach: The model has four social objectives, subject to constraint budget and to the requirements of every summ...

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Bibliographic Details
Published in:Journal of industrial engineering and management Vol. 4; no. 3; p. 407
Main Authors: Coronado-Hernández, J.R., Pardo-Mora, E.M., Valero-Herrero, M.
Format: Journal Article
Language:English
Published: Barcelona Vicenc Fernandez 01.01.2011
Subjects:
Analysis
Goal programming
Objectivity
Project finance
Project management
Small & medium sized enterprises-SME
Studies
Colombia
ISSN:2013-8423, 2013-0953
Online Access:Get full text
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Summary:Purpose: This paper presents a multi-objective programming model for selection of Projects for Financing New Enterprise SMEs in Colombia with objectivity and transparency in every call. Approach: The model has four social objectives, subject to constraint budget and to the requirements of every summons. The resolution procedure for the model is based on principles of goal programming. Findings: Selection projects subject to the impact within the country. Research limitations: The selection of the projects is restricted by a legal framework, the terms of reference and the budget of the summons. Practical implications: The projects must be viable according to the characteristics of every summons. Originality/value: The suggested model offers an alternative for entities that need to evaluate projects of co-financing for the managerial development of the SMEs with more objectivity and transparency in the assignment of resources. [PUBLICATION ABSTRACT]
Bibliography:SourceType-Scholarly Journals-1
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ISSN:2013-8423
2013-0953
DOI:10.3926/jiem.2011.v4n3.p407-417