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.
Step 1, Marketability was evaluated for R&D products and/or businesses.
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.
Step 3, The business model regarding to the new R&D products and/or businesses would be evaluated by DCF (Discounted Cash Flow).
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).
