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
Analytic hierarchy process : An overview of applications
TL;DR: A literature review of the applications of Analytic Hierarchy Process, which aims to provide a ready reference on AHP, and act as an informative summary kit for the researchers and practitioners for their future work.
Journal ArticleDOI
A decision support system for supplier selection using an integrated analytic hierarchy process and linear programming
TL;DR: An integration of a analytical hierarchy process and linear programming is proposed to consider both tangible and intangible factors in choosing the best suppliers and placing the optimum order quantities among them such that the total value of purchasing (TVP) becomes maximum.
Journal ArticleDOI
An application of the AHP in vendor selection of a telecommunications system
Maggie C.Y. Tam,V.M. Rao Tummala +1 more
TL;DR: An AHP-based model is formulated and applied to a real case study to examine its feasibility in selecting a vendor for a telecommunications system and it is found that the decision process is systematic and that using the proposed AHP model can reduce the time taken to select a vendor.
Journal ArticleDOI
R&D project selection using the analytic network process
Laura Meade,Adrien Presley +1 more
TL;DR: The paper discusses the use of the ANP, a general form of Saaty's analytic hierarchy process, as a model to evaluate the value of competing R&D project proposals, and presents a generic ANP model developed by the authors.
Journal ArticleDOI
Using the Analytic Hierarchy Process to Structure the Supplier Selection Procedure
TL;DR: The analytical hierarchy process (AHP) is a decision-making method for ranking alternative courses of action when multiple criteria must be considered as mentioned in this paper, such as quality, price, delivery, and service.
References
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Journal ArticleDOI
Computational Analysis of Scoring Models for R and D Project Selection
John R. Moore,Norman R. Baker +1 more
TL;DR: Comparative analyses relating project rankings produced by scoring models to Rankings produced by a profitability index and by a linear programming model demonstrate that the performance of a scoring model is highly sensitive to decisions made during the development of the model.
Journal ArticleDOI
A Decision Process Model of R&D Resource Allocation in Hierarchical Organizations
TL;DR: The eventual purpose of this research is to construct a simulator capability suitable for experimentation concerning coordination in a decentralized resource allocation process involving R&D projects that would be useful for policy analysis at the level of both the firm and the federal government.
Journal ArticleDOI
A System for Using R&D Project Evaluation Methods
TL;DR: In this paper, a system for using R&D project evaluation methods is described, with a focus on the use of a project evaluation method as a means to evaluate a project.
Book ChapterDOI
Rationing Energy to Industries: Priorities and Input-Output Dependence
Thomas L. Saaty,R.S. Mariano +1 more
TL;DR: A short time ago it was unthinkable and deemed an academic exercise to speak of rationing as discussed by the authors, and people thought that there could be no crippling energy crisis because our energy czars and planners would presumably take our needs into their projections.
Journal ArticleDOI
Analysis of some portfolio selection models for R&D
TL;DR: An analytical review of mathematical programming models that have been proposed as aids to the related problems of resource allocation and project selection in RD built-in assumptions; ease of computation; usefulness of outputs; versatility of application.