Skip to main content

Constructing and Implementing a DSS to Help Evaluate Perceived Risk of Accounts Receivable

  • Conference paper

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 487))

Abstract

A factoring company is a means to provide working capital for small and medium sized companies that sell goods and/or services on a delayed- payment basis, by selling their accounts receivable to that factoring company. This paper describes the real life process of multicriteria model construction for Plaza Invest Factoring Co. (Brazil), using a decision-aid approach. A multi-attribute value function was developed, in order to measure the credit manager’s perceived risk generated by the transaction, thus helping him to decide if Plaza Invest should buy or not buy a given account receivable.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Axelrod, R. (Ed.) (1976): Structure of Decision. Princeton University Press, Princeton

    Google Scholar 

  • Bana e Costa, CA., Ensslin, L., Correêa, E.C., Vansnick, J.C. (1999): DSS in Action — Integrated Application in a Multicriteria Decision Aid Process. European Journal of Operational Research 113, 315–335

    Article  Google Scholar 

  • Bana e Costa, CA., Ensslin, L., Montibeller, G.N. (1997): From Cognitive Maps to Multicriteria Models. Proceedings of the International Conference on Methods and Applications of MCDM. Mons, Belgium, 247–250

    Google Scholar 

  • Bouyssou, D. (1990): Building Criteria: A Prerequisite for MCDA. In Bana e Costa, CA. (Ed.): Readings in Multiple Criteria Decision Aid. Springer, Berlin, 58–80

    Chapter  Google Scholar 

  • Beiton, V., Ackermann, F., Shepherd, I. (1997): Integrated Support from Problem Structuring Through to Alternative Evaluation Using COPE and VISA. Journal of Multicriteria Decision Analysis 6, 115–130

    Article  Google Scholar 

  • Eden, C (1988): Cognitive Mapping. European Journal of Operational Research 36, 1–13

    Article  Google Scholar 

  • Fischhoff, B., Watson, S.R., Hope, C (1990): Defining Risk. In Glickman, TS., Gough, M. (Eds.): Readings in Risk. Resources for the Future, Washington, 30–41

    Google Scholar 

  • Keeney, R. L. (1992): Value-Focused Thinking: A Path to Creative Decision-Making. Harvard University Press, Cambridge

    Google Scholar 

  • Mareschal, B., Brans, J.P. (1991): BANK ADVISER-An Industrial Evaluation System. European Journal of Operational Research 54, 318–324

    Article  Google Scholar 

  • Montibeller, G.N. (1996): Cognitive Maps — A Tool in Aiding Problem Structuring. M. Sc. Thesis (in Portuguese). Federal University of Santa Catarina, Florianópolis, Brazil

    Google Scholar 

  • Roy, B. (1993): Decision Science or Decision Aid Science?. European Journal of Operational Research 66, 184–203

    Article  Google Scholar 

  • Slovic, P. (1987): Perception of Risk. Science 236, 280–285

    Article  Google Scholar 

  • von Winterfeld, D., Edwards, W. (1986): Decision Analysis and Behavioral Research, Cambridge University Press, Cambridge

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2000 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Ensslin, L., Neto, G.M., de Lima, M.V.A. (2000). Constructing and Implementing a DSS to Help Evaluate Perceived Risk of Accounts Receivable. In: Haimes, Y.Y., Steuer, R.E. (eds) Research and Practice in Multiple Criteria Decision Making. Lecture Notes in Economics and Mathematical Systems, vol 487. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-57311-8_21

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-57311-8_21

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-67266-1

  • Online ISBN: 978-3-642-57311-8

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics