Results 251 to 260 of about 291,989 (307)

Project and Portfolio Selection

2021
Selecting one or more projects out of a set of candidate projects to maintain a project portfolio under limited resources is a critical decision for organizations. The project selection problem is inherently a multi-objective problem and is treated as such in this Chapter. Several models and solution techniques including Analytic Hierarchy Process (AHP)
Gündüz Ulusoy, Öncü Hazır
openaire   +1 more source

Managing Underperformance Risk in Project Portfolio Selection

Operations Research, 2015
We consider a project selection problem where each project has an uncertain return with partially characterized probability distribution. The decision maker selects a feasible subset of projects so that the risk of the portfolio return not meeting a specified target is minimized.
Hall, Nicholas G.   +3 more
openaire   +2 more sources

Project portfolio selection with defense capability options

Proceedings of the Genetic and Evolutionary Computation Conference Companion, 2021
This paper proposes a novel formulation of the project portfolio selection and scheduling problem inspired by the Future Defense Force Design process in the context of the Australian Defence Force capability development. The core objective of the problem is to maximize the total capability portfolio value attained by the selection and scheduling of a ...
Kyle Robert Harrison   +5 more
openaire   +1 more source

Multiobjective optimization for project portfolio selection

Proceedings of the 14th annual conference companion on Genetic and evolutionary computation, 2012
This paper proposes a multiobjective heuristic search approach to support a project portfolio selection technique on scenarios with a large number of candidate projects. The original formulation for the technique requires analyzing all combinations of candidate projects, which is unfeasible when more than a few alternatives are available.
Marcio de Oliveira Barros   +3 more
openaire   +1 more source

Dynamic Project Portfolio Selection in Infrastructure Sector

2010
Infrastructure networks are vital to the national economy. Their Asset Management (AM) should result in long-term economic efficiency and optimal service levels. For AM to live up to the expectations of infrastructure sector, it has to meet four key challenges: 1) alignment of strategy and operations with stakeholder values and objectives; 2) balancing
Koppinen Tiina, Rosqvist Tony
openaire   +4 more sources

Project portfolio selection in continuous improvement

International Journal of Operations & Production Management, 2011
PurposeThe purpose of this paper is to provide a systematic overview of approaches to project portfolio selection in continuous improvement and to identify opportunities for future research.Design/methodology/approachThis paper reviews the extant literature on the theory and application of project portfolio selection in continuous improvement ...
Bernard J. Kornfeld, Sami Kara
openaire   +1 more source

Project Portfolio Selection: A Newsvendor Approach

Decision Sciences, 2016
ABSTRACTWe consider the problem of balancing the penalties associated with budgetary slack (being underbudget) and cost overruns in the project portfolio selection problem by addressing randomness in project costs and making individual project budgets decision variables. Setting the budget for a single project is shown to be analogous to the newsvendor
Qiaohai (Joice) Hu, Joseph Szmerekovsky
openaire   +1 more source

Project Portfolio Selection Under Skill Development

2014
This chapter surveys models for project portfolio selection that incorporate the development of skills by learning and/or forgetting. Basic learning models (starting with Wright’s learning curve) are recapitulated and their relations are discussed. Attention is given to simple exponential as well as to S-shaped learning curves or laws derived from ...
openaire   +2 more sources

The tradeoffs between portfolios in multi-attribute project portfolio selection

2017 Annual IEEE International Systems Conference (SysCon), 2017
Project portfolio selection is a complex multi-attribute decision analysis problem with a wide range of considerations. A key issue in project portfolio selection is how to evaluate different portfolio solutions especially when some portfolios are a subset of some other portfolios. In this paper, a hybrid approach is proposed to help decision makers do
Xiaoxiong Zhang   +3 more
openaire   +1 more source

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