Multiple Criteria Decision Making and Prospective Scenarios Model for Selection of Companies to Be Incubated

This paper proposes a model to evaluate business projects to get into an incubator, allowing to rank them in order of selection priority. The model combines the Momentum method to build prospective scenarios and the AHP-TOPSIS-2N Multiple Criteria Decision Making (MCDM) method to rank the alternativ...

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Bibliographic Details
Published in:Algorithms 2021, Vol.14 (4), p.111
Main Authors: Oliveira, Altina S., Gomes, Carlos F. S., Clarkson, Camilla T., Sanseverino, Adriana M., Barcelos, Mara R. S., Costa, Igor P. A., Santos, Marcos
Format: Article
Language:English
Subjects:
AHP-TOPSIS-2N
Business incubators
Business plans
Decision making
Methods
Momentum
Multiple criteria decision making
Multiple Criteria Decision Making (MCDM)
Multiple criterion
Proposals
prospective scenarios
Sensitivity analysis
SWOT analysis
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Summary:This paper proposes a model to evaluate business projects to get into an incubator, allowing to rank them in order of selection priority. The model combines the Momentum method to build prospective scenarios and the AHP-TOPSIS-2N Multiple Criteria Decision Making (MCDM) method to rank the alternatives. Six business projects were evaluated to be incubated. The Momentum method made it possible for us to create an initial core of criteria for the evaluation of incubation projects. The AHP-TOPSIS-2N method supported the decision to choose the company to be incubated by ranking the alternatives in order of relevance. Our evaluation model has improved the existing models used by incubators. This model can be used and/or adapted by any incubator to evaluate the business projects to be incubated. The set of criteria for the evaluation of incubation projects is original and the use of prospective scenarios with an MCDM method to evaluate companies to be incubated does not exist in the literature.
ISSN:1999-4893
1999-4893
DOI:10.3390/a14040111