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
Bibliographical research on the Analytic Hierarchy Process (AHP)
TL;DR: A comprehensive bibliographical survey of studies on AHP using the DIALOG online information retrieval service and a survey of 21 dissertation studies for the period 1979–1988 are discussed.
Journal ArticleDOI
Fuzzy-based sustainability evaluation method for manufacturing SMEs using balanced scorecard framework
TL;DR: A sensitivity analysis of the proposed method reveals the most important basic indicators affecting overall sustainability, identifying areas which decision makers should place special attention.
Journal ArticleDOI
An interactive approach to R&D project selection and termination
TL;DR: In this article, a decision support tool is developed that can be used by the R&D manager to effectively update his or her portfolio when a review is called for, based on two sets of critical factors.
Journal ArticleDOI
Determinants for an entrepreneurial milieu Science Parks and business policy in growing firms
Hans Löfsten,Peter Lindelöf +1 more
TL;DR: In order to understand the added value of a Science Park location, there is need for detailed research exploring the characteristics and performance of firms located on and off the Science Park as mentioned in this paper.
Journal ArticleDOI
Using AHP for resource allocation problems
TL;DR: AHP has been used for solving multi-criteria resource allocation problems by converting them into equivalent single objective, maximization-type LP problems as mentioned in this paper, and at least two approaches can be identified for such applications.
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.
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.