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The Architecture of a Decision Support Software System for Sustainable Projects Selection

Author

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  • FELICIA ALINA DINU

    (Department of Economic Sciences „Nicolae Titulescu” University, Bucharest)

Abstract

Considering the contemporary economic environment, integrating sustainability in project management doesn’t rely only on carrying out socially responsible investments, but to the integration of principles specific to sustainable development thorough projects’ life cycle, and especially in the decision making process carried out with the aim of selecting the optimal variant. In today's economy the decision for investment must be taken following given criteria that will reflect project’s sustainability, and to have a portfolio of sustainable projects it is necessary to carry out a selection under uncertainty and multi-criteria conditions.Recognizing the importance for integrating sustainability during the evaluation process and for selecting the investment projects, and the rising interest for understanding and integrating this approach within organizations, highlights the utility of a software application based on which management could handle the decision making processes in the most efficient way.

Suggested Citation

  • Felicia Alina Dinu, 2017. "The Architecture of a Decision Support Software System for Sustainable Projects Selection," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 5(1), June.
    • Handle: RePEc:ntu:ntugeo:vol5-iss1-17-224
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    References listed on IDEAS

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    1. Carin Labuschagne & Alan C. Brent & Schalk J. Claasen, 2005. "Environmental and social impact considerations for sustainable project life cycle management in the process industry," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 12(1), pages 38-54, March.
    2. Eilat, Harel & Golany, Boaz & Shtub, Avraham, 2008. "R&D project evaluation: An integrated DEA and balanced scorecard approach," Omega, Elsevier, vol. 36(5), pages 895-912, October.
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    Cited by:

    1. Dorota Kuchta, 2023. "Project implementation scenario selection for sustainable project and product lifecycle management. Application of network data envelopment analysis," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 33(4), pages 133-154.
    2. Kevin Friedrich, 2023. "A systematic literature review concerning the different interpretations of the role of sustainability in project management," Management Review Quarterly, Springer, vol. 73(1), pages 31-60, February.

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