The purpose of this paper is to develop a new two-stage method for fuzzy multi-objective linear program and apply to engineering project portfolio selection. In the fuzzy multi-objective linear program, all the objective coefficients, technological coefficients and resources are trapezoidal fuzzy numbers (TrFNs). An order relationship for TrFNs is introduced by using the interval expectation of...

This paper provides a methodological framework in which the problem of IT project portfolio selection is solved by balancing between operational and strategic IT investments. From interviews with CIOs, we found that the interest in IT projects in many firms tends to center on operational benefits, rather than strategic benefits. We examined the impact of strategic IT investments from an IT port...

Increasing economy’s resistance against the menace of sanctions, various risks, shocks, and internal and external threats are one of the main national policies which can be implemented through bank investments. Investment project selection is a complex and multi-criteria decision-making process that is influenced by multiple and often some conflicting objectives. This paper studies portfolio inve...

Technology centered organizations must be able to identify promising new products or process improvements at an early stage so that the necessary resources can be allocated to those activities. It is essential to invest in targeted research and development (R and D) projects as opposed to a wide range of ideas so that resources can be focused on successful outcomes. The selection of the most ap...

due to project evaluation complexity and resource constraints, the project portfolio optimization is numerous decision making challenges. hence, many researches have been done to introduce model and methods for portfolio optimization. but most of them have not considered the interaction between projects. considering the interactions between projects increase complexity of portfolio optimization...

Although recently a lot of attention has been devoted to IT project portfolio management in theory as well as in practice, research in this area is particularly focused on approaches for project selection. Related tasks and especially the organizational environment in which IT project portfolio management is embedded are often excluded. This paper relates existing findings from the field of IT ...

portfolio selection is considered a critically significant decision, firms have to make. as such, much research has been focused on the selection of a portfolio with a controlled level of risk and high expected return. this paper uses a new definition of risk for portfolio selection whereby risk taking is taken as a curve instead of a specific value. in this paper, a genetic algorithm is presen...

choosing the right set of projects is the first step of project oriented firms in strategic project portfolio management. since economic growth depends on environmental and social issues, sustainable development has been an essential part of firms' plans to keep their competitive advantage. moreover, market conditions, fast worldwide changes and other similar issues have given these issue ...

In today’s highly competitive marketplace, selecting an appropriate set of projects from a portfolio of candidate projects is vital for enterprises. An accurate selection of projects can steer a company to great success, while a careless selection may lead it to bankruptcy. Variability of project parameters such as benefit, cost, risk (failure probability), etc. during planning horizon makes th...