A Multi-criteria Decision Support System for R&D Project Selection |
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Authors: | Theodor J Stewart |
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Institution: | 1.Department of Mathematical Statistics,University of Cape Town,South Africa |
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Abstract: | This paper describes the development of a decision support system for the selection of a portfolio of R&D projects, which was carried out for a large electricity utility corporation. The DSS was constructed round a reference point approach for the underlying multi-criteria decision problem. The application of this approach did require a less usual form of scalarizing function as well as a heuristic algorithm for solving a non-linear knapsack problem. Practical aspects of the implementation of the multi-criteria approach in a DSS operating on a PC are also discussed. |
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