IDEAS home Printed from https://ideas.repec.org/a/spr/cejnor/v16y2008i3p281-306.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10100-008-0057-z
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10100-008-0057-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Xiong, Jian & Leus, Roel & Yang, Zhenyu & Abbass, Hussein A., 2016. "Evolutionary multi-objective resource allocation and scheduling in the Chinese navigation satellite system project," European Journal of Operational Research, Elsevier, vol. 251(2), pages 662-675.
    3. Kweku-Muata Osei-Bryson & Ojelanki Ngwenyama, 2008. "Decision models for information systems management," Information Systems Frontiers, Springer, vol. 10(3), pages 277-279, July.
    4. Malgorzata Plaza, 2008. "Team performance and information system implementation," Information Systems Frontiers, Springer, vol. 10(3), pages 347-359, July.
    5. Morgan, Horatio M. & Ngwenyama, Ojelanki, 2015. "Real options, learning cost and timing software upgrades: Towards an integrative model for enterprise software upgrade decision analysis," International Journal of Production Economics, Elsevier, vol. 168(C), pages 211-223.
    6. Plaza, Malgorzata, 2016. "Balancing the costs of human resources on an ERP project," Omega, Elsevier, vol. 59(PB), pages 171-183.
    7. Walter J. Gutjahr & Giovanni Sebastiani, 2008. "Runtime Analysis of Ant Colony Optimization with Best-So-Far Reinforcement," Methodology and Computing in Applied Probability, Springer, vol. 10(3), pages 409-433, September.
    8. Yamane, Yasuo & Takahashi, Katsuhiko & Hamada, Kunihiro & Morikawa, Katsumi & Nur Bahagia, Senator & Diawati, Lucia & Cakravastia, Andi, 2015. "Developing a plant system prediction model for technology transfer," International Journal of Production Economics, Elsevier, vol. 166(C), pages 119-128.
    9. Plaza, Malgorzata & Rohlf, Katrin, 2008. "Learning and performance in ERP implementation projects: A learning-curve model for analyzing and managing consulting costs," International Journal of Production Economics, Elsevier, vol. 115(1), pages 72-85, September.
    10. 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.
    11. Sabrina Backs & Markus Günther & Christian Stummer, 2019. "Stimulating academic patenting in a university ecosystem: an agent-based simulation approach," The Journal of Technology Transfer, Springer, vol. 44(2), pages 434-461, April.
    12. Larbig, Christine & Hottiger, Dieter, 2016. "Value-based-Pricing für Software in der Praxis," Marketing Review St.Gallen, Universität St.Gallen, Institut für Marketing und Customer Insight, vol. 33(6), pages 76-83.
    13. Chen, Yueh H. & Lin, Winston T., 2009. "Analyzing the relationships between information technology, inputs substitution and national characteristics based on CES stochastic frontier production models," International Journal of Production Economics, Elsevier, vol. 120(2), pages 552-569, August.
    14. Plaza, Malgorzata & Ngwenyama, Ojelanki K. & Rohlf, Katrin, 2010. "A comparative analysis of learning curves: Implications for new technology implementation management," European Journal of Operational Research, Elsevier, vol. 200(2), pages 518-528, January.
    15. Anzanello, Michel J. & Fogliatto, Flavio S. & Santos, Luana, 2014. "Learning dependent job scheduling in mass customized scenarios considering ergonomic factors," International Journal of Production Economics, Elsevier, vol. 154(C), pages 136-145.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:cejnor:v:16:y:2008:i:3:p:281-306. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.