Journal ArticleDOI
An extension of the analytic hierarchy process for industrial R&D project selection and resource allocation
TLDR
In this article, an extension of the Analytic Hierarchy Process (AHP) for priority setting and resource allocation in the industrial R&D environment is explored, and an AHP modeling framework is developed, and is linked to a spreadsheet model to assist in the ranking of a large number of project alternatives.Abstract:
The research and development project selection decision is concerned with the allocation of resources to a set of proposals for scientific and engineering activities. The project selection and resource allocation process can be viewed as a multiple-criteria decision-making problem, within the context of the long-range and strategic planning process of the firm. The purpose of this paper is explore the applicability of an extension of the Analytic Hierarchy Process (AHP) for priority setting and resource allocation in the industrial R&D environment. In this paper, an AHP modeling framework for the R&D project selection decision is developed, and is linked to a spreadsheet model to assist in the ranking of a large number of project alternatives. Next, cost-benefit analysis and integer programming are used to assist in the resource allocation decision. The paper concludes with an evaluation of the suitability of this approach as an expert support system, and directions for future research and testing.read more
Citations
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Book ChapterDOI
A Decision Support Approach for R&D Project Selection
TL;DR: An approach for modeling the R&D project selection decision using the Analytic Hierarchy Process, an improvement over other well-known scoring approaches since the criteria weights or priorities established by the AΗΡ are not based on arbitrary scales, but use a ratio scale for human judgments.
Journal ArticleDOI
A case study in participatory priority setting for a scandinavian research program
Ahti Salo,Juuso Liesiö +1 more
TL;DR: A case study where leading experts from industry and public administration were assisted by multicriteria decision analysis in the planning of a collaborative research program for Scandinavian forestry and forest industries is reported.
Journal ArticleDOI
Development of composite sustainable supply chain performance index for the automobile industry
P.R.C. Gopal,Jitesh J. Thakkar +1 more
TL;DR: In this article, the authors presented an integrated method by accommodating both qualitative and quantitative approaches for the development of composite sustainable supply chain (SC) performance index and applied an integration of fuzzy analytical hierarchy process, Liberatore score and signal-to-noise ratio approaches to compute the index.
Journal ArticleDOI
Singapore residential market
Seow Eng Ong,Teck Ian Chew +1 more
TL;DR: In this paper, the authors proposed the incorporation of the analytical hierarchy process (AHP) to translate expert judgement into accurate and meaningful market forecasts, which facilitates communication of expert judgement and at the same time provides feedback for the expert.
Journal ArticleDOI
Determinants of choice of semantic web based Software as a Service: An integrative framework in the context of e-procurement and ERP
TL;DR: An integrative framework is developed to identify the determinants of choice of software as a service in the specific context of network applications like the E-procurement, ERP, SCM and CRM and other factors such as network externality benefits, technology and process were found to be significant determinant of choice.
References
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Journal ArticleDOI
A Scaling Method for Priorities in Hierarchical Structures
TL;DR: A method of scaling ratios using the principal eigenvector of a positive pairwise comparison matrix is investigated, showing that λmax = n is a necessary and sufficient condition for consistency.
Journal ArticleDOI
Marketing Applications of the Analytic Hierarchy Process
Yoram Wind,Thomas L. Saaty +1 more
TL;DR: The thrust of the paper is a discussion of a number of illustrative applications of the AHP covering the following areas: the portfolio decisions of a firm whose management is concerned with the determination of the desired target portfolio and allocation of resources among its components.
Journal ArticleDOI
Incomplete pairwise comparisons in the analytic hierarchy process
TL;DR: In this article, the authors explore various methods for reducing the complexity of the preference eliciting process in a group decision-making session, where the group structures the problem in a hierarchical framework and pairwise comparisons are elicited from the group for each level of the hierarchy.
Journal ArticleDOI
An Experimental Comparison of Different Approaches to Determining Weights in Additive Utility Models
TL;DR: In this paper, Saaty et al. compared five conceptually different approaches in terms of their weights and predictive ability, and found that on average, the methods predicted about equally well, except for unit weighting which was clearly inferior.
Journal ArticleDOI
R & D project selection models: An assessment
TL;DR: The existing normative R&D benefit measurement and project selection literature is assessed and the limitations inherent in the proposed models are determined.