Publication detail

Multicriterial Projects Selection

KLAPKA, J. PIŇOS, P. ŠEVČÍK, V.

Original Title

Multicriterial Projects Selection

Type

journal article - other

Language

English

Original Abstract

Decision support system described here makes it possible to carry out multicriterial selection of hundreds of projects simultaneously, with tens of criterion functions with bivalent variables including polynomial ones and quotients of linear functions, and tens of resources limitations. Stewart's idea (1991) of the special scalarizing function based on the modified reference point approach, which has been hitherto applied for linear benefits and for balance criteria functions only, and its optimization by effective gradient method is used here in the situation described by Santhanam and Kyparisis (1995), involving synergistic effects of second- and third-orders in benefit and cost criterion function, and in resource requirements respecting resource sharing and hierarchical contingency relationships among candidate projects. In addition, the system enables us making the dialogue of the solution in a way of adaptive creation of weights of criterion functions and also flexible projects portfolio changes. A test of efficiency is presented. In the present chapter an actualized explication of our method published in [Klapka, Piňos 2002] is given.

Keywords

decision support systems, multiple criteria analysis, project management and scheduling

Authors

KLAPKA, J.; PIŇOS, P.; ŠEVČÍK, V.

RIV year

2013

Released

1. 1. 2013

Publisher

Springer-Verlag Berlin Heidelberg

Location

Berlin Heidelberg

ISBN

1868-4394

Periodical

Intelligent Systems Reference Library

Year of study

38

Number

1

State

Federal Republic of Germany

Pages from

245

Pages to

261

Pages count

16

URL

http://dx.doi.org/10.1007/978-3-642-30504-7_10

BibTex

@article{BUT92890,
  author="Jindřich {Klapka} and Petr {Piňos} and Vítězslav {Popovský}",
  title="Multicriterial Projects Selection",
  journal="Intelligent Systems Reference Library",
  year="2013",
  volume="38",
  number="1",
  pages="245--261",
  doi="10.1007/978-3-642-30504-7\{_}10",
  issn="1868-4394",
  url="http://dx.doi.org/10.1007/978-3-642-30504-7_10"
}