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Ranking of research projects: Experiments with two methods

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  • Lockett, Geoff
  • Stratford, Mike

Abstract

The problem of choosing a research portfolio continues to be of interest to R & D Management and a series of competing models are regularly proposed. Recently much of the research attention has been focused on multi-criteria methods which attempt to take into account the subjective nature of the activity, but even here there is a wide choice of methods. In this paper we present the results of using two of these different approaches on the same problem. Although only based on a single case, the experiments highlight the need for caution in using models, and the importance of the process of modelling compared with the mechanics.

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  • Lockett, Geoff & Stratford, Mike, 1987. "Ranking of research projects: Experiments with two methods," Omega, Elsevier, vol. 15(5), pages 395-400.
    • Handle: RePEc:eee:jomega:v:15:y:1987:i:5:p:395-400
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    Cited by:

    1. Jafarzadeh, M. & Tareghian, H.R. & Rahbarnia, F. & Ghanbari, R., 2015. "Optimal selection of project portfolios using reinvestment strategy within a flexible time horizon," European Journal of Operational Research, Elsevier, vol. 243(2), pages 658-664.
    2. Dey, Prasanta Kumar, 2006. "Integrated project evaluation and selection using multiple-attribute decision-making technique," International Journal of Production Economics, Elsevier, vol. 103(1), pages 90-103, September.
    3. Zanakis, Stelios H. & Solomon, Anthony & Wishart, Nicole & Dublish, Sandipa, 1998. "Multi-attribute decision making: A simulation comparison of select methods," European Journal of Operational Research, Elsevier, vol. 107(3), pages 507-529, June.

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