Optimal selection of project portfolios using reinvestment strategy within a flexible time horizon

Jafarzadeh, Morteza; Tareghian, Hamed Reza; Rahbarnia, Freydoon; Ghanbari, Reza

doi:10.1016/j.ejor.2014.12.013

Cited by 44 publications

(8 citation statements)

References 15 publications

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“…Techniques recommended for prioritization in the literature are goal programming ( [61,62]), the process failure modes and effect analysis (PFMEA) [70], the Likert based criteria weightage method [31], the Monte-Carlo simulation-based data envelopment analysis method (DEA) [80], simulation-based models [81], and a resource-constrained DEA [15]. Qualitative methods are also recommended, such as the Delphi method or a decision tree method ( [71,82]), a fuzzy quality function deployment (QFD), and the DEA [66], a harmony search algorithm [95]. However, not all methods are applicable to all project situations.…”

Section: Prioritization and Balancingmentioning

confidence: 99%

Perspectives on the Capabilities for the Selection of Strategic Projects

2020

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Strategic projects are large scale, complex, and require significant investments and resources. These projects aim at gaining long-term social and economic benefits. Therefore, organizations focusing on strategic projects should use a consistent approach that suits their strategy, capability, and long-term expectations. Based on the four research questions and content analysis of the literature, generic processes used for the strategic project selection in tandem with the managerial capabilities are identified in this paper. The generic processes and managerial capabilities are used to develop a generic framework for strategic project selection. The framework is used for literature analysis in the paper. The review shows that both qualitative and quantitative methods are used for strategic project selection. Some possible research directions have also been proposed at the end of the review. The paper provides value to both researchers and practitioners in terms of tools available and a guidance on project selection through a structured process framework.

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Section: Prioritization and Balancingmentioning

confidence: 99%

Perspectives on the Capabilities for the Selection of Strategic Projects

2020

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“…By now, the elements of the configuring approach have already been partially implemented in theory and practice. With their help, the problems on a rucksack combinatorial optimization [14][15][16][17], the formation of portfolios of investment projects and securities [18,19], life safety projects [20], and environmental projects [21] are solved.…”

Section: запропоновано метод формування портфеля заснований на логIко-методологiчному прийомI конфIгурування проектIв-претендентiв якI прmentioning

confidence: 99%

Construction of a portfolio formation method by configuring projectcandidates based on flow characteristics

Рач

Kabir

Medvedieva

et al. 2020

EEJET

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“…Determining the projects scheduling and their sequence are important issues that some portfolio optimization models take into consideration. Jafarzadeh et al (2015) have considered the fact that projects have different durations and potential rates of return, and the profit yielded by the implemented projects could be reinvested in the other projects. With these assumptions in mind, they have used re-investment strategy within a flexible time horizon and have proposed a model for optimal project portfolio selection.…”

Section: Introductionmentioning

confidence: 99%

A technology portfolio optimization model considering staged financing and moratorium period under uncertainty

Shaverdi

Yaghoubi

2021

RAIRO-Oper. Res.

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Technology commercialization needs a large amount of financial resources and governments in developed and developing countries play a critical role in resource allocation to the technology commercialization, especially through “Technology Development Funds (TDFs)”. But, because of resource limitations, determining high priority technologies with higher impact on the country’s innovative performance and the optimal resource allocation to technology development is very important for science and technology policymakers. “Technology portfolio planning” has been developed and applied in this regard. Accordingly, a two-phase decision-making framework has been proposed. At the first phase, the priorities of technology fields are determined by using the best-worst method (BWM) and at the second phase, a two-stage stochastic technology portfolio planning model is developed by considering technological projects' risks and export market, as one of the important factor in the “Global Innovation Index” (GII) ranking. It also has been considered technology fields’ priorities, staged-financing, moratorium period, reinvestment strategy, and technology readiness levels (TRL) in allocating financial resources to technological projects. The main advantages of our proposed model are considering uncertainty and early signaling about underperforming technological projects. Due to the uncertain nature of the problem, our solution methodology is based on the Sample Average Approximation (SAA). In order to demonstrate the applicability of this model, a real case study and its computational results are presented.

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Optimal selection of project portfolios using reinvestment strategy within a flexible time horizon

Cited by 44 publications

References 15 publications

Perspectives on the Capabilities for the Selection of Strategic Projects

Perspectives on the Capabilities for the Selection of Strategic Projects

Construction of a portfolio formation method by configuring projectcandidates based on flow characteristics

A technology portfolio optimization model considering staged financing and moratorium period under uncertainty

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Optimal selection of project portfolios using reinvestment strategy within a flexible time horizon

Cited by 44 publications

References 15 publications

Perspectives on the Capabilities for the Selection of Strategic Projects

Perspectives on the Capabilities for the Selection of Strategic Projects

Construction of a portfolio formation method by configuring project­candidates based on flow characteristics

A technology portfolio optimization model considering staged financing and moratorium period under uncertainty

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Product

Resources

About

Construction of a portfolio formation method by configuring projectcandidates based on flow characteristics