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
Utility and Perceived Acceptability of R&D Project Selection Models
TL;DR: In this article, the analytical utility and managerial acceptability of three expected value maximizing EV project selection model forms were assessed within five different development R&D performing organizations, and the models were largely irrelevant and managerially unacceptable with respect to the development projects and the selection/allocation processes studied.
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An Interactive Decomposable Heuristic for Project Selection
TL;DR: It is concluded that a heuristic procedure is a suitable way to handle project selection problems in organizational settings by means of an existing heuristic algorithm by Toyoda, and a hierarchical multiperiod multidimensional model is proposed.
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Allocation of research and development funds: A zero-one goal programming approach
TL;DR: In this article, a case example involving a high technology electrical equipment manufacturer is developed to illustrate this problem using zero-one goal programming to accommodate indivisibility of projects in addition to multiple and conflicting goals.
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A Multiobjective Decision Analysis: Budget Planning for Product Engineering
TL;DR: In this paper, a multiobjective decision analysis was conducted to help the director of a product engineering group within a major corporation plan the allocation of his operating budget, using decomposition results from multiattribute utility theory.
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Allocation planning for R & D with uncertainty and multiple objectives
TL;DR: In this article, a multi-attribute utility function from two directors to quantify their preferences for multidimensional uncertain outcomes was used to aid management of a large corporation's Research and Engineering Division in planning the allocation of its budget.