TY - GEN
T1 - A new project selection method using data envelopment analysis
AU - Toloo, M.
AU - Mirbolouki, M.
AU - Allahyar, M.
N1 - Funding Information:
The research was supported by the Czech Science Foundation through project No. 16-17810S.
PY - 2017
Y1 - 2017
N2 - The project selection problem which arises when the decision maker should opt some proposals is an important part of project portfolio management. The selected subset should be established by taking account of some resource limitations. The primal project selection method under resource limitation treats each subset as a single composite project to be evaluated through an aggregate data envelopment analysis model. We show that taking such aggregate point of view, in some cases, may lead to improper selections. In order to cope with these situations, the current paper develops a new project selection method that carries out the selection based on individual evaluations by solving a linear programming model. Finally, the main results are elaborated by an illustrative example.
AB - The project selection problem which arises when the decision maker should opt some proposals is an important part of project portfolio management. The selected subset should be established by taking account of some resource limitations. The primal project selection method under resource limitation treats each subset as a single composite project to be evaluated through an aggregate data envelopment analysis model. We show that taking such aggregate point of view, in some cases, may lead to improper selections. In order to cope with these situations, the current paper develops a new project selection method that carries out the selection based on individual evaluations by solving a linear programming model. Finally, the main results are elaborated by an illustrative example.
KW - Data envelopment analysis
KW - Efficiency
KW - Project selection
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M3 - Conference contribution
AN - SCOPUS:85040921785
T3 - Proceedings of International Conference on Computers and Industrial Engineering, CIE
BT - Proceedings - 47th International Conference on Computers and Industrial Engineering
A2 - Dessouky, Mohamed
A2 - Cruz-Machado, Virgilio
A2 - Grilo, Antonio
PB - Curran Associates Inc.
T2 - 47th International Conference on Computers and Industrial Engineering: How Digital Platforms and Industrial Engineering are Transforming Industry and Services, CIE 2017
Y2 - 11 October 2017 through 13 October 2017
ER -