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Genetic algorithm-based multi-criteria project portfolio selection

delete2010-12-18
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PRE
AI
L
Lean Yu *
王淑漪 cover
王淑漪 (Shouyang Wang)
F
Fenghua Wen
K
Kin Keung Lai
DOI:10.1007/s10479-010-0819-6delete
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Abstract

Abstract

En 中文
Project portfolio selection is one of the most important decision-making problems for most organizations in project management and engineering management. Usually project portfolio decisions are very complicated when project interactions in terms of multiple selection criteria and preference information of decision makers (DMs) in terms of the criteria importance are taken into consideration simultaneously. In order to solve this complex decision-making problem, a multi-criteria project portfolio selection problem considering project interactions in terms of multiple selection criteria and DMs' preferences is first formulated. Then a genetic algorithm (GA)-based nonlinear integer programming (NIP) approach is used to solve the multi-criteria project portfolio selection problem. Finally, two illustrative examples are presented for demonstration and verification purposes. Experimental results obtained indicate that the GA-based NIP approach can be used as a feasible and effective solution to multi-criteria project portfolio selection problems.
Keywords:
Multi-criteria decision making
Nonlinear integer programming
Genetic algorithm
Project portfolio selection
Project interactions
Preference
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Journal

Annals of Operations Research cover
Annals of Operations Research
IF:
4.5
Papers:
8.0K
Citations:
2.1W

Organization

A
academy of mathematics & system sciences, cas
Scholars:
755
Papers: 768
Citations: 0
C
chinese academy of sciences
Scholars:
56.5W
Papers: 44.9W
Citations: 704