Industrial R&D project portfolio selection method using a multi-objective optimization program: A conceptual quantitative framework
Mads Kjærgaard Nielsen,
Anders MSØ Jacobsen,
Jeppe Lykke Carstensen
et al.
Abstract:Design/methodology/approach: Research and development (R&D) activities are crucial if companies are to adapt to technology changes, but budget constraints and limited resources often force companies to select a subset of candidate projects through portfolio selection techniques. However, existing models for R&D portfolio selection do not adequately consider interdependencies and types of projects, and this can lead to suboptimal selection and misalignment with corporate objectives.Findings: A Multi-Obj… Show more
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