Project Selection Problem by Combination of Shannon Entropy and MCDM Techniques

Abstract

Abstract-The Importance of selecting suitable projects among the proposed projects is one of the important decisions and strategies in almost every companies especially the project-based organizations. This paper focuses on developing a model based on Shannon's Entropy and MCDM techniques for solving the project portfolio selection problem, for this purpose, first, the criteria that are suitable for project selection problem, are identified, then, Shannon's Entropy is performed for determining the weights of criteria and fuzzy topsis for ranking projects.