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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Handbook of Technology and Innovation Management
TL;DR: Agarwal et al. as mentioned in this paper discuss the evolution of technology, markets, and industry, and present a review of the past, a description of the present, and a sketch of the future.
Journal ArticleDOI
A framework for group decision support systems: An application in the evaluation of information technology for logistics firms
Athakorn Kengpol,Markku Tuominen +1 more
TL;DR: The contribution of this research lies in the methodology for integrating ANP, Delphi and MAH in order to perform quantitative and qualitative analysis in-depth to achieve the overall consensus ranking in association with a programme developed by the authors.
Journal ArticleDOI
New product go/no-go evaluation at the front end: a fuzzy linguistic approach
Ching-Torng Lin,Chen-Tung Chen +1 more
TL;DR: The fuzzy logic-based screening model can efficiently aid managers in dealing with both ambiguity and complexity in product screening decisions.
Journal ArticleDOI
Analytic hierarchy process with fuzzy scoring in evaluating multidisciplinary R&D projects in China
TL;DR: Although the AHP-based system developed in China was initially developed for R&D project evaluation, it can be extended to evaluations in other fields such as investment selection in venture capital and in corporate capital budgeting.
Book ChapterDOI
Applications of the Analytic Hierarchy Process: A Categorized, Annotated Bibliography
TL;DR: This paper identifies more than 150 published papers that use the Analytic Hierarchy Process to model diverse problems and categorizes each paper according to 29 application areas that range from conflict analysis to urban planning.
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.
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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.
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.