We introduce a decision support framework for the research and development (R&D) portfolio selection problem faced by a major U.S. semiconductor manufacturer. R&D portfolio selection is of critical importance to high-tech operations such as semiconductor and pharmaceutical, as it determines the blend of technological development the firm must invest in its R&D resources. This R&D investment lea...

Resource limitation in zero time may cause to some profitable projects not to be selected in project selection problem, thus simultaneous project portfolio selection and scheduling problem has received significant attention. In this study, budget, investment costs and earnings are considered to be stochastic. The objectives are maximizing net present values of selected projects and minimizing v...

this paper investigates the problem of selecting and scheduling a set of projects among available projects. each project consists of several tasks and to perform each one some resource is required. the objective is to maximize total benefit. the paper constructs a mathematical formulation in form of mixed integer linear programming model. three effective metaheuristics in form of the imperialis...

organizations need to evaluate project proposals and select the ones that are the most effective in reaching the strategic goals by considering sustainability issue. in order to enhance the effectiveness and the efficiency of project oriented organizations, in this paper a new multi-objective decision making (modm) approach of sustainable project portfolio selection is proposed which applies in...

Recent research efforts in options pricing have shown that real options approaches are more appropriate for R&D project valuation because they account for the value of managerial flexibility to react to arising contingencies during R&D development. This technique allows for strategic decision-making in the context of hedging opportunities present in the financial markets by tracking the uncerta...

Management of intellectual capital is an important issue in knowledge intensive organizations. Part of this is the composition of the optimal project portfolio the organization will carry out in the future. Standard methods that guide this process mostly focus on project selection on the basis of expected returns. However, in many cases other strategic factors should be considered in their inte...