A Multi-objective model for selection of projects to finance new enterprise SMEs in Colombia
Abstract: 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.
Keywords: project selection,
calls, SMEs, generation of employment in Colombia, multi-objective model
Author: J.R.
Coronado-Hernández, E.M. Pardo-Mora, M. Valero-Herrero
Journal Code: jptindustrigg110035
