IDENTIFYING AND PRIORITIZING THE FINANCING METHODS (A HYBRID APPROACH DELPHI - ANP )

Abstract

Financing is a major challenge for businesses today face. Financing and investment are important factors of development .Access to finance is a major obstacle to economic actors. The purpose of this study is to identifying and prioritizing the financing method. In this study of 18 experts in the field of financing is used.We use the Delphi method to identify the important financing methods .The Delphi method is a structured communication technique, originally developed as a systematic, interactive forecasting method which relies on a panel of experts .The important financing methods that have been identified include : foreign direct investment (FDI), foreign indirect investment (IFI), forfaiting, factoring, finance, loan, usance and guarantee. Finaly this methods were ranked by the method of ANP.The analytic network process (ANP) is a generalization of analytical hierarchy process (AHP) and can be used to treat more sophisticated decision problems.As a result , the foreign indirect investment (IFI) method won first rank.