The aim of this paper is to determine a beta distribution of the first type, when a group of experts coincide in the minimum and the maximum values of a random variable (times, in the case of tasks; cash-flows, in the case of investments, etc.), but they disagree with the…

The classification of a set of alternatives into predefined homogenous groups is a problem with major practical interest in many fields. Over the past two decades several non-parametric approaches have been developed to address the classification problem, originating from several scientific fields. Among these approaches, multicriteria decision aid (MCDA) has…

This paper presents a new approach to real options. The current options-based models have provided new insights into capital-budgeting decisions. Unfortunately they are not widely used by corporate managers and practitioners as they are formally complex, rather difficult to understand and rest on strong implicit assumptions that considerably limit their…

We present a methodology to perform Financial Analysis with as much information as available. The problem we solve is the assessment of investment projects; we are to determine whether or not an investment project is profitable. We perform that task at the qualitative, semi-quantitative, and quantitative levels, depending on how…