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Research on the robust optimization of the enterprise's decision on the investment to the collaborative innovation: Under the risk constraints

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  • Zhou, Qing
  • Fang, Gang
  • Wang, Dong-peng
  • Yang, Wei

Abstract

The robust optimization model is applied to analyze the enterprise's decision of the investment portfolio for the collaborative innovation under the risk constraints. Through the mathematical model deduction and the simulation analysis, the research result shows that the enterprise's investment to the collaborative innovation has relatively obvious robust effect. As for the collaborative innovation, the return from the investment coexists with the risk of it. Under the risk constraints, the robust optimization method could solve the minimum risk as well as the proportion of each investment scheme in the portfolio on the condition of different target returns from the investment. On the basis of the result, the enterprise could balance between the investment return and risk and make optimal decision on the investment scheme.

Suggested Citation

  • Zhou, Qing & Fang, Gang & Wang, Dong-peng & Yang, Wei, 2016. "Research on the robust optimization of the enterprise's decision on the investment to the collaborative innovation: Under the risk constraints," Chaos, Solitons & Fractals, Elsevier, vol. 89(C), pages 284-289.
    • Handle: RePEc:eee:chsofr:v:89:y:2016:i:c:p:284-289
    DOI: 10.1016/j.chaos.2015.11.021
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    References listed on IDEAS

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    Cited by:

    1. Nina Su & Zhuqin Shi & Xianqi Zhu & Yunsheng Xin, 2021. "An Evolutionary Game Model of Collaborative Innovation Between Enterprises and Colleges Under Government Participation of China," SAGE Open, , vol. 11(1), pages 21582440219, February.

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