Publication detail

Decision support system for multicriterial R&D and information systems projects selection

KLAPKA, J. PIŇOS, P.

Original Title

Decision support system for multicriterial R&D and information systems projects selection

Type

journal article - other

Language

English

Original Abstract

Decision support system described here makes it possible to carry out multicriterial selection of hundreds of projects simultaneously, with tens of criterion functions with bivalent variables including polynomial ones and quotients of linear functions, and tens of resources limitations. Stewart's idea [J. Oper. Res. Soc. 42 (1) (1991) 17] of the special scalarizing function based on the modified reference point approach, which has been hitherto applied for linear benefits and for balance criteria functions only, and its optimization by effective gradient method is used here in the situation described by Santhanam and Kyparisis [Comput. Oper. Res. 22 (8) (1995) 807], involving synergistic effects of second- and third-orders in benefit and cost criterion function, and in resource requirements respecting resource sharing and hierarchical contingency relationships among candidate projects. In addition, the system enables us making the dialogue of the solution in a way of adaptive creation of weights of criterion functions and also flexible projects portfolio changes. A test of efficiency is presented.

Keywords

Decision support systems; Multiple criteria analysis; Project management and scheduling

Authors

KLAPKA, J.; PIŇOS, P.

RIV year

2002

Released

16. 7. 2002

Publisher

Elsevier

ISBN

0377-2217

Periodical

European Journal of Operational Research

Year of study

2002

Number

2

State

Kingdom of the Netherlands

Pages from

434

Pages to

446

Pages count

13

URL

http://dx.doi.org/doi:10.1016/S0377-2217(02)00081-4

BibTex

@article{BUT40830,
  author="Jindřich {Klapka} and Petr {Piňos}",
  title="Decision support system for multicriterial R&D and information systems projects selection",
  journal="European Journal of Operational Research",
  year="2002",
  volume="2002",
  number="2",
  pages="13",
  issn="0377-2217",
  url="http://dx.doi.org/doi:10.1016/S0377-2217(02)00081-4"
}