The process of project portfolio selection is crucial in many organizations, especially R&D organizations. There a need to make informed decisions on the investment various projects or lack thereof. As may continue over more than 1 year, and as there are connections between projects, not only decide which invest but also when invest. Since future benefits from be depreciated comparison with...

Project portfolio selection is a crucial decision in many organizations, which must make informed decisions on investment, where the appropriate distribution of investment is complex, due to varying levels of risk, resource requirements, and interaction among the proposed projects. In this paper, we discuss the implementation of an organized framework for Ž . project portfolio selection through...

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...

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. To model and evaluate this risk, we propose and justify a general performance measure, the Underperformance Riskines...

Selection of a project portfolio with limited resources is an important decision in both public and industrial organizations. Often these decisions are complicated by a high number of project proposals, considerations of multiple criteria and resources, project interactions, uncertain project outcomes and incomplete information about decision maker's (DM's) preferences. Moreover, opportunity co...

Methods for the selection of a research and development (R&D) project portfolio have attracted considerable interest among practitioners and academics. However, these methods have found limited use in practice, partly because they have encountered difficulties in capturing uncertainties and interdependencies related to R&D projects. Motivated by these difficulties, we develop Contingent Portfol...

Multicriteria Portfolio Analysis spans several methods which typically employ build on MCDA to guide the selection of a subset (i.e., portfolio) of available objects, with the aim of maximising the performance of the resulting portfolio with regard to multiple criteria, subject to the requirement that the selected portfolio does not consume of resources consumed by the portfolio does not exceed...