The Evaluation System Using AHP and DCF for the R&D-Type Small and Medium Sized Enterprises

  • MANO Jun-ichi
    mano(R&D Consultation & Coordination for Industry-Academia Collaboration) Professional Engineer's Office
  • ICHIHARA Isao
    Business and Engineering Modeling Research Laboratory

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Other Title
  • 開発型中小企業の総合的成長性評価システム
  • カイハツガタ チュウショウ キギョウ ノ ソウゴウテキ セイチョウセイ ヒョウカ システム

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Abstract

This system has been developed for evaluating of small and medium sized enterprises (SMEs) especially developing new products and/or new businesses. The system has been composed of three steps.<br> Step 1, Marketability was evaluated for R&D products and/or businesses.<br> Step 2, The Company's R&D ability was divided into 3 factors of Humanity, Money and R&D product, whose indexes were linearly weighted by AHP(Analytic Hierarchy Process). The 16 SMEs whose achievements were well grasped have been evaluated with the reference tables.<br> Step 3, The business model regarding to the new R&D products and/or businesses would be evaluated by DCF (Discounted Cash Flow).<br> After Lehman shock, some troubles, such as bankruptcy, M&A, happened to 6 enterprises of the referenced 16 SMEs. As the result of reconsidering 3 factor's weight, we could get the numbers for Humanity:0.31, Money:0.28, R&D products:0.41(Quality of the Product:0.25, Business feasibility for the product:0.75). <br>

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