This paper extends the literature on executive compensation by developing and testing a principal-agent model in the context of project selection. The model’s focus on executive project selection decisions highlights the multidimensional nature of executive choices that affect the value of the firm. An executive not only makes an effort choice that determines the quality of information on which...

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...

In this paper we shall represent strategic planning problems by dynamic decison trees, in which the nodes are projects that can be deferred or postponed for a certain period of time. Using the theory of real options we shall identify the optimal path of the tree, i.e. the path with the biggest real option value in the end of the planning period.

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...

This work develops general fairness measures that may be used as criteria for sustainable project selection. Sustainable development, fair allocation objectives and empirical distance-based measures of fairness, and their evaluation are discussed. Generalized fairness measures are developed and extended for both intratemporal and intertemporal fairness comparisons. A preliminary application of ...

The glamor in the IT domain is in the project. Major projects command the attention of the profession; methods for managing, controling and planning projects have been developed and refined; metrics, testing and validation routines, and quality assurance processes are fundamental. On the other hand, much of the day-to-day routine of the IT function is concerned with continuing, rather than proj...

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...

This paper describesthree aspectsof the unit selectionsynthesis used in the SmartWeb dialog system. The synthesismodule has been implementedin the IMS German Festival speech synthesis system. First, we compare a unit selectionstrategy developed in the course of the project to a strategy developed earlier. Second, we discuss our experiences with F0 smoothing and amplitude modeling, which were bo...

Modern large new product developments (NPD) are typically characterized by many uncertainties and frequent changes. Often the embedded software development projects working on such products face many problems compared to traditional, placid project environments. One of the major project management decisions is then the selection of the project’s software process model. An appropriate process mo...