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Competence-driven project portfolio selection, scheduling and staff assignment

Author

Listed:
  • Walter Gutjahr
  • Stefan Katzensteiner
  • Peter Reiter
  • Christian Stummer
  • Michaela Denk

Abstract

This paper presents a new model for project portfolio selection, paying specific attention to competence development. The model seeks to maximize a weighted average of economic gains from projects and strategic gains from the increment of desirable competencies. As a sub-problem, scheduling and staff assignment for a candidate set of selected projects must also be optimized. We provide a nonlinear mixed-integer program formulation for the overall problem, and then propose heuristic solution techniques composed of (1) a greedy heuristic for the scheduling and staff assignment part, and (2) two (alternative) metaheuristics for the project selection part. The paper outlines experimental results on a real-world application provided by the E-Commerce Competence Center Austria and, for a slightly simplified instance, presents comparisons with the exact solution computed by CPLEX. Copyright Springer-Verlag 2008

Suggested Citation

  • Walter Gutjahr & Stefan Katzensteiner & Peter Reiter & Christian Stummer & Michaela Denk, 2008. "Competence-driven project portfolio selection, scheduling and staff assignment," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 16(3), pages 281-306, September.
    • Handle: RePEc:spr:cejnor:v:16:y:2008:i:3:p:281-306
    DOI: 10.1007/s10100-008-0057-z
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    References listed on IDEAS

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    1. Ngwenyama, Ojelanki & Guergachi, Aziz & McLaren, Tim, 2007. "Using the learning curve to maximize IT productivity: A decision analysis model for timing software upgrades," International Journal of Production Economics, Elsevier, vol. 105(2), pages 524-535, February.
    2. Walter J. Gutjahr, 2006. "On the Finite-Time Dynamics of Ant Colony Optimization," Methodology and Computing in Applied Probability, Springer, vol. 8(1), pages 105-133, March.
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    Cited by:

    1. Bernardo F. Almeida & Isabel Correia & Francisco Saldanha-da-Gama, 2018. "A biased random-key genetic algorithm for the project scheduling problem with flexible resources," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 26(2), pages 283-308, July.
    2. Behrad Barghi & Shahram Shadrokh Sikari, 2022. "Meta-heuristic Solution with Considering Setup Time for Multi-Skilled Project Scheduling Problem," SN Operations Research Forum, Springer, vol. 3(1), pages 1-23, March.
    3. Doering, Jana & Kizys, Renatas & Juan, Angel A. & Fitó, Àngels & Polat, Onur, 2019. "Metaheuristics for rich portfolio optimisation and risk management: Current state and future trends," Operations Research Perspectives, Elsevier, vol. 6(C).
    4. Kajal Chatterjee & Sheikh Ahmed Hossain & Samarjit Kar, 2018. "Prioritization of project proposals in portfolio management using fuzzy AHP," OPSEARCH, Springer;Operational Research Society of India, vol. 55(2), pages 478-501, June.
    5. Magdalena Graczyk-Kucharska & Ayse Özmen & Maciej Szafrański & Gerhard Wilhelm Weber & Marek Golińśki & Małgorzata Spychała, 2020. "Knowledge accelerator by transversal competences and multivariate adaptive regression splines," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 28(2), pages 645-669, June.
    6. Javier Panadero & Jana Doering & Renatas Kizys & Angel A. Juan & Angels Fito, 2020. "A variable neighborhood search simheuristic for project portfolio selection under uncertainty," Journal of Heuristics, Springer, vol. 26(3), pages 353-375, June.
    7. Korytkowski, Przemyslaw & Malachowski, Bartlomiej, 2019. "Competence-based estimation of activity duration in IT projects," European Journal of Operational Research, Elsevier, vol. 275(2), pages 708-720.
    8. Valeva, Silviya & Hewitt, Mike & Thomas, Barrett W. & Brown, Kenneth G., 2017. "Balancing flexibility and inventory in workforce planning with learning," International Journal of Production Economics, Elsevier, vol. 183(PA), pages 194-207.
    9. Rong Chen & Changyong Liang & Dongxiao Gu & Joseph Y-T. Leung, 2017. "A multi-objective model for multi-project scheduling and multi-skilled staff assignment for IT product development considering competency evolution," International Journal of Production Research, Taylor & Francis Journals, vol. 55(21), pages 6207-6234, November.
    10. Wang, Xiong & Ferreira, Fernando A.F. & Chang, Ching-Ter, 2022. "Multi-objective competency-based approach to project scheduling and staff assignment: Case study of an internal audit project," Socio-Economic Planning Sciences, Elsevier, vol. 81(C).
    11. Gómez Sánchez, Mariam & Lalla-Ruiz, Eduardo & Fernández Gil, Alejandro & Castro, Carlos & Voß, Stefan, 2023. "Resource-constrained multi-project scheduling problem: A survey," European Journal of Operational Research, Elsevier, vol. 309(3), pages 958-976.
    12. Hewitt, Mike & Chacosky, Austin & Grasman, Scott E. & Thomas, Barrett W., 2015. "Integer programming techniques for solving non-linear workforce planning models with learning," European Journal of Operational Research, Elsevier, vol. 242(3), pages 942-950.
    13. Gutjahr, Walter J. & Katzensteiner, Stefan & Reiter, Peter & Stummer, Christian & Denk, Michaela, 2010. "Multi-objective decision analysis for competence-oriented project portfolio selection," European Journal of Operational Research, Elsevier, vol. 205(3), pages 670-679, September.
    14. Nikolaus Furian & Siegfried Vössner, 2013. "Constrained order packing: comparison of heuristic approaches for a new bin packing problem," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 21(1), pages 237-264, January.
    15. Paraskevopoulos, Dimitris C. & Laporte, Gilbert & Repoussis, Panagiotis P. & Tarantilis, Christos D., 2017. "Resource constrained routing and scheduling: Review and research prospects," European Journal of Operational Research, Elsevier, vol. 263(3), pages 737-754.
    16. Liesiö, Juuso & Salo, Ahti & Keisler, Jeffrey M. & Morton, Alec, 2021. "Portfolio decision analysis: Recent developments and future prospects," European Journal of Operational Research, Elsevier, vol. 293(3), pages 811-825.
    17. Karl F. Doerner & Vittorio Maniezzo, 2018. "Metaheuristic search techniques for multi-objective and stochastic problems: a history of the inventions of Walter J. Gutjahr in the past 22 years," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 26(2), pages 331-356, June.

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