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
More filters
Journal ArticleDOI
The R&D funding decision: the need for a systemic approach
TL;DR: In this article, the authors argue the need to develop and use a systemic approach to R&D resource allocation decisions and further highlight the importance of soft factors in such decisions, and propose a system dynamics model for resource allocation.
Proceedings ArticleDOI
EMPIRICAL EXPERIENCE ON COMBINING AHP WITH NON-AHP DECISION MODELS IN Managing Cross Functional Conflicts
Constructing Indicator System and Evaluating Regional Development in Iran by Analytic Hierarchy Process
TL;DR: It was showed that there are obvious differentiations among sub-provinces in development level, which indicates that an intensive system of core and periphery exists in the country and it is necessary to reduce regional inequalities in Iran to pave way for greater national integration, increase in economic growth and more political stability.
Proceedings ArticleDOI
Reviewing Japanese sake quality and its brewing by AHP
TL;DR: Various estimations are given using AHP on both the primary brewing factor and primary quality factor of Japanese sake, leading to a possibility of quantifying some brewing policies and expertise that the manager and the expert have in mind.
References
More filters
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.