2016
DOI: 10.24200/sci.2016.4004
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A novel project portfolio selection framework: An application of fuzzy DEMATEL and multi-choice goal programming

Abstract: Project portfolio selection is an important problem for having an e cient and e ective project management. This paper proposes a new framework to identify the optimal project portfolio. First, the in uencing criteria are derived with respect to higher priorities from the fuzzy DEMATEL method under the balanced scorecard framework. Afterwards, a utility-based multi-choice goal programming technique is applied to determine the project portfolio in regard to the chosen criteria and some other operational limitati… Show more

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Cited by 13 publications
(9 citation statements)
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References 34 publications
(44 reference statements)
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“…Liang (2015) proposes a BSC-FAHP model for information systems performance assessment. Tabrizi et al (2016) develop a BSC project portfolio selection model using fuzzy DEMATEL and multi-choice goal programming (MCGP). Wudhikarn (2016) applies BSC-ANP-ZOGP for strategic project selection.…”
Section: Bsc and Multi-criteria Decision Analysis For Project Selectionmentioning
confidence: 99%
“…Liang (2015) proposes a BSC-FAHP model for information systems performance assessment. Tabrizi et al (2016) develop a BSC project portfolio selection model using fuzzy DEMATEL and multi-choice goal programming (MCGP). Wudhikarn (2016) applies BSC-ANP-ZOGP for strategic project selection.…”
Section: Bsc and Multi-criteria Decision Analysis For Project Selectionmentioning
confidence: 99%
“…In order to cope with the uncertainities, fuzzy DEMATEL has been widely preferred recently. There are a lot of applications of the fuzzy DEMATEL approach in various MCDM problems such as supplier selection [49], bidder evaluation [50], comparison of service quality improvement strategies [51], evaluation of critical operational hazards [48], project portfolio selection [52], resilience supplier selection [53]. In order to deal with the uncertainties, we also have utilized fuzzy DEMATEL.…”
Section: Insert Figure 1 About Herementioning
confidence: 99%
“…This constraint is shown in constraint (13), which is related to the budget of all projects in each period. In the constraints (14), the dependencies between the projects are shown. These constraints guarantee that prerequisite project i is implemented prior or concurrent with the dependent project i .…”
Section: Final Modelmentioning
confidence: 99%
“…Kocadağlı and Keskin [13] presented a fuzzy goal programming method to model the project selection problem. Tabrizi et al [14] proposed a utility-based multi-choice goal programming technique which is applied to determine the project portfolio in regard to the chosen criteria and some other operational limitations.…”
mentioning
confidence: 99%