scholarly journals A novel project portfolio selection framework: An application of fuzzy DEMATEL and multi-choice goal programming

2016 ◽  
Vol 23 (6) ◽  
pp. 2945-2958 ◽  
Author(s):  
B.H. Tabrizi ◽  
S.A. Torabi ◽  
S.F. Ghaderi
Keyword(s):  
Portfolio Selection ◽  
Goal Programming ◽  
Project Portfolio ◽  
Fuzzy Dematel ◽  
Project Portfolio Selection ◽  
Selection Framework

scholarly journals A project portfolio selection framework for transforming Iranian universities into entrepreneurial institutions

2020 ◽  
Vol 2 (1) ◽  
pp. 2-21
Author(s):  
Nima Golghamat Raad ◽  
Mohsen Akbarpour Shirazi
Keyword(s):  
Portfolio Selection ◽  
Project Portfolio ◽  
Risk Minimization ◽  
Content Type ◽  
Project Portfolio Selection ◽  
Performance Matrix ◽  
University Of Technology ◽  
Objective Model ◽  
Selection Framework ◽  
Almost All

PurposeThis research proposes a framework by which universities can define and implement projects that transform them into entrepreneurial universities. The framework helps decision-makers identify suitable goals and strategies, gather a list of projects to fulfill the goals and strategies and prioritize the projects and form a portfolio.Design/methodology/approachIn the proposed framework, importance–performance matrix, hierarchical strategic planning, Delphi technique, DEMATEL-based ANP and a multi-objective model are used. The mathematical model consists of four objective functions including efficiency, quality and balance maximization and also cost and risk minimization. The proposed framework is applied to Amirkabir University of Technology, Tehran, Iran, and the results are brought in this paper.FindingsThe output of the proposed framework is a portfolio of projects that aims to transform a traditional university into a third-generation one. Although the final portfolio must be customized for different universities, the proposed steps of the framework can be helpful for almost all cases.Originality/valueThe suggested framework is unique and uses both qualitative and quantitative techniques for project portfolio selection.

scholarly journals The evolution of project portfolio selection methods: from incremental to radical innovation

2019 ◽  
Vol 26 (3) ◽  
pp. 212-236 ◽  
Author(s):  
Ximena Alejandra Flechas Chaparro ◽  
Leonardo Augusto de Vasconcelos Gomes ◽  
Paulo Tromboni de Souza Nascimento
Keyword(s):  
Portfolio Selection ◽  
Research Question ◽  
Radical Innovation ◽  
Project Portfolio ◽  
Content Type ◽  
Project Portfolio Selection ◽  
Information Gap ◽  
Innovation Projects ◽  
Selection Framework ◽  
Comprehensive Framework

Purpose The purpose of this paper is to identify how project portfolio selection (PPS) methods have evolved and which approaches are more suitable for radical innovation projects. This paper addressed the following research question: how have the selection approaches evolved to better fit within radical innovation conditions? The current literature offers a number of selection approaches with different and, in some cases, conflicting nature. Therefore, there is a lack of understanding regarding when and how to use these approaches in order to select a specific type of innovation projects (from incremental to more radical ones). Design/methodology/approach Given the nature of the research question, the authors perform a systematic literature review method and analyze 48 portfolio selection approaches. The authors then classified and characterized these articles in order to identify techniques, tools, required data and types of examined projects, among other aspects. Findings The authors identify four key features related to the selection of radical innovation projects: dynamism, interdependency management, uncertainty treatment and required input data. Based on the content analysis, the authors identified that approaches based on different sources and nature of data are more appropriated for uncertain conditions, such as behavioral methods, information gap theory, real options and integrated approaches. Originality/value The research provides a comprehensive framework about PPS methods and how they have been evolving over time. This portfolio selection framework considers the particular aspects of incremental and radical innovation projects. The authors hope that the framework contributes to reinvigorating the literature on selection approaches for innovation projects.

scholarly journals A Hybrid Multi-Population Approach to the Project Portfolio Selection and Scheduling Problem for Future Force Design

IEEE Access ◽  
2021 ◽  
pp. 1-1
Author(s):  
Kyle Robert Harrison ◽  
Saber Elsayed ◽  
Ivan L. Garanovich ◽  
Terence Weir ◽  
Michael Galister ◽  
...  
Keyword(s):  
Portfolio Selection ◽  
Project Portfolio ◽  
Scheduling Problem ◽  
Population Approach ◽  
Project Portfolio Selection

scholarly journals Competence-driven project portfolio selection, scheduling and staff assignment

2009 ◽  
Author(s):  
Walter J. Gutjahr ◽  
Stefan Katzensteiner ◽  
Peter Reiter ◽  
Christian Stummer ◽  
Michaela Denk
Keyword(s):  
Portfolio Selection ◽  
Project Portfolio ◽  
Project Portfolio Selection ◽  
Staff Assignment

scholarly journals A TYPE-2 FUZZY OPTIMIZATION MODEL FOR PROJECT PORTFOLIO SELECTION AND SCHEDULING INCORPORATING PROJECT INTERDEPENDENCY AND SPLITTING

2021 ◽  
Vol 27 (2) ◽  
pp. 493-510
Author(s):  
Samaneh Zolfaghari ◽  
Seyed Meysam Mousavi ◽  
Jurgita Antuchevičienė
Keyword(s):  
Portfolio Selection ◽  
Optimization Model ◽  
Fuzzy Optimization ◽  
Project Portfolio ◽  
Time Value Of Money ◽  
Solution Approach ◽  
Project Portfolio Selection ◽  
The Interest Rate ◽  
Interval Type

This paper presents a new optimization model and a new interval type-2 fuzzy solution approach for project portfolio selection and scheduling (PPSS) problem, in which split of projects and re-execution are allowable. Afterward, the approach is realized as a multi-objective optimization that maximizes total benefits of projects concerning economic concepts by considering the interest rate and time value of money and minimizes the tardiness value and total number of interruptions of chosen projects. Besides, budget and resources limitation, newfound relations are proposed to consider dependency relationships via a synergy among projects to solve PPSS problem hiring interval type-2 fuzzy sets. For validation of the model, numerical instances are provided and solved by a new extended procedure based on fuzzy optimistic and pessimistic viewpoints regarding several situations. In the end, their results are studied. The results show that it is more beneficial when projects are allowed to be split.

Fuzzy Improvement-Project Portfolio Selection Considering Financial Performance and Customer Satisfaction

2020 ◽  
Vol 11 (2) ◽  
pp. 41-70
Author(s):  
Nantasak Tansakul ◽  
Pisal Yenradee
Keyword(s):  
Portfolio Selection ◽  
Employee Satisfaction ◽  
Significant Contribution ◽  
Fuzzy Numbers ◽  
Practical Method ◽  
Project Portfolio ◽  
Favorable Result ◽  
Triangular Fuzzy Numbers ◽  
Improvement Project ◽  
Project Portfolio Selection

This article develops a suitable and practical method for improvement-project portfolio selection under uncertainty, based on the requirements of a bank in Thailand. A significant contribution of this article is that the proposed method can determine an optimal project portfolio, to satisfy the customer/employee satisfaction targets and an investment budget constraint. This allows users to estimate parameters as triangular fuzzy numbers under pessimistic, most likely, and optimistic situations. Four mathematical models are proposed to maximize the defuzzified values of fuzzy NPV and fuzzy BCR, and to maximize the possibility that the project portfolio is economically justified under fuzzy situations of NPV and BCR. Results reveal that maximizing the defuzzified value of fuzzy NPV offers the most favorable result since it maximizes the current wealth of the bank. Additionally, the possibility that the entire project portfolio is economically justified under all fuzzy situations is relatively high for all numerical cases.

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