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Program portfolio selection for reducing prioritized security risks

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  • Glickman, Theodore S.

Abstract

The methodology presented here solves an R&D program portfolio selection problem that arises in critical infrastructure protection and similar security risk reduction problems. It requires priorities to be assigned to the risks, existing risk levels to be assessed, and the effectiveness of alternative risk reduction programs to be estimated. A lexicographic optimization procedure involving mixed integer programming with preemptive priorities is developed and illustrated, and extensions are discussed.

Suggested Citation

  • Glickman, Theodore S., 2008. "Program portfolio selection for reducing prioritized security risks," European Journal of Operational Research, Elsevier, vol. 190(1), pages 268-276, October.
    • Handle: RePEc:eee:ejores:v:190:y:2008:i:1:p:268-276
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    References listed on IDEAS

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    1. Norman Baker & James Freeland, 1975. "Recent Advances in R&D Benefit Measurement and Project Selection Methods," Management Science, INFORMS, vol. 21(10), pages 1164-1175, June.
    2. Mukherjee, Kampan & Bera, Achintya, 1995. "Application of goal programming in project selection decision -- A case study from the Indian coal mining industry," European Journal of Operational Research, Elsevier, vol. 82(1), pages 18-25, April.
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    Cited by:

    1. Schilling, Andreas & Werners, Brigitte, 2016. "Optimal selection of IT security safeguards from an existing knowledge base," European Journal of Operational Research, Elsevier, vol. 248(1), pages 318-327.

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