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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Journal ArticleDOI
A hybrid dynamic decision making methodology for defensive information technology contingency measure selection in the presence of cyber threats
TL;DR: The application of a simulation-based hybrid analytic dynamic forecasting methodology that combines the techniques of analytic hierarchy process, factor analysis, and spanning tree to the problem of selecting among a set contingency measures following events which place the organizational mission at risk is presented.
Journal ArticleDOI
Evaluating R&D Projects in Regulated Utilities: The Case of Power Transmission Utilities
TL;DR: In this paper, the authors developed a model to select R&D projects based on a holistic approach aligned to strategies, utility objectives, and market conditions in the electric transmission sector.
Journal ArticleDOI
The Application of Analytic Hierarchy Process to Determine Proportionality Constant of the Taguchi Quality Loss Function
TL;DR: This paper proposes a new methodology for calculating the proportionality constant and argues that the proposed methodology takes into account the relative importance of various quality characteristics and captures different levels of sensitivity along the loss function.
Analyzing Multiple Product Development Projects Based On Information and Resource Constraints
Ali A. Yassine,Tyson R. Browning +1 more
TL;DR: This paper considers several PD projects that share a common set of design resources as a portfolio, where activity execution is based on both information and resource availability, and demonstrates the effects of accounting for resource constraints on both individual projects’ and portfolio lead-time distributions.
Journal ArticleDOI
Construction of project portfolio considering efficiency, strategic effectiveness, balance and project interdependencies
Baris Canbaz,Franck Marle +1 more
TL;DR: In this article, the authors propose an integrated methodology to guide the portfolio selection process, integrating project interdependencies at different levels, both in the objective function (both inputs and outputs) and in the definition of new constraints that ensure the portfolio balance and effectiveness.
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.
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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.
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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.
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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.
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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.