4.3 Article

Fuzzy model estimation of the risk factors impact on the target of promotion of the software product

Journal

ENTERPRISE INFORMATION SYSTEMS
Volume 14, Issue 6, Pages 797-811

Publisher

TAYLOR & FRANCIS LTD
DOI: 10.1080/17517575.2020.1713407

Keywords

Fuzzy models; risk factors; software promotion; decision making; marketing analytics and product management; project management

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This article studies the application of fuzzy logic to the risk analysis of a new software product development and marketing in specific case of a small size IT company. Identification and analysis of external and internal risk factors show that this type of business activity could be evaluated as high-risk enterprise. So, the purpose of the paper is to develop robust method to evaluate probability of occurrence of major risk events and their impact on the company financial health. The fuzzy logic is used to estimate degrees of threat of each relevant risk factor due to lack of reliable statistical data. The novelty of proposed approach is the inclusion into the model the risk event time.

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