Name
Abstract | ||
|---|---|---|
The most decisive factor that survives enterprises under stiff competition is the development of new product (NPD), and when entering the product development stage after the fuzzy front end, a best project portfolio should be finalized in order to potentially create expected revenue and competitive advantage. However, even it reaches the end of the fuzzy front stage; the NPD project is still significantly involved with uncertainties, complexities and fuzziness. To assist R&D managers making decision in this environment, this study proposes a new approach which combines fuzzy set theory and multi-criteria group decision making method into a NPD project portfolio selection model. This model takes into account project performance, project delivery and project risk, and formulates the selection decision of NPD project portfolio as a fuzzy linear programming problem. The illustrative example shows that the model proposed can generate projects with the highest success rate under limited resources and manpower. |
Year | DOI | Venue |
|---|---|---|
2011 | 10.1016/j.eswa.2010.06.081 | Expert Syst. Appl. |
Keywords | Field | DocType |
best project portfolio,npd project portfolio selection,account project performance,multi-criteria group decision making,npd project,new approach,portfolio,project risk,npd project portfolio,project delivery,fuzzy front end,fuzzy linear programming problem,fuzzy front stage,fuzzy linear programming,new product development project,product development,group decision making,new product development,competitive advantage,fuzzy set theory | Project risk management,Computer science,Project portfolio management,Competitive advantage,Fuzzy set,Portfolio,Artificial intelligence,Management science,New product development,Fuzzy logic,Operations research,Integrated project delivery,Machine learning | Journal |
Volume | Issue | ISSN |
38 | 1 | Expert Systems With Applications |
Citations | PageRank | References |
15 | 0.93 | 13 |
Authors | ||
2 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Chiu-Chi Wei | 1 | 32 | 6.90 |
| Houn-wen Chang | 2 | 19 | 1.97 |