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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Vydané v:Journal of industrial engineering and management Ročník 4; číslo 3; s. 407 - 417
Hlavní autori: Coronado-Hernández, J. R, Pardo-Mora, E. M, Valero-Herrero, M
Médium: Journal Article
Jazyk:English
Vydavateľské údaje: Barcelona OmniaScience 2011
Predmet:
calls
generation of employment in Colombia
multi-objective model
project selection
SMEs
ISSN:2013-0953
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Shrnutí: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.
ISSN:2013-0953
DOI:10.3926/jiem.v4n3.p407-417