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Management Science Letters

ISSN 1923-9343 (Online) - ISSN 1923-9335 (Print)
Quarterly Publication
Volume 5 Issue 9 pp. 883-888 , 2015

A scenario based project portfolio selection Pages 883-888 Right click to download the paper Download PDF

Authors: Kamran Pourahmadi, Siamak Nouri, Saeed Yaghoubi

DOI: 10.5267/j.msl.2015.6.008

Keywords: Project portfolio selection, Scenario planning, Uncertainty

Abstract: One of the primary assumptions in many project portfolio selection is the availability of all parameters. However, in real-world cases, many parameters are under uncertainty and the exact values are unknown in advance. This paper presents a scenario based mathematical model for project portfolio selection when parameters are under uncertainty. The problem considers two objective functions where the first one maximizes the net present value while the second objective function is the minimization of the positive deviations from the allocation of resources. The second objective function is looking for project resource leveling. The resulted model is formulated as mixed integer programming and the problem is analyzed under different conditions.

How to cite this paper
Pourahmadi, K., Nouri, S & Yaghoubi, S. (2015). A scenario based project portfolio selection.Management Science Letters , 5(9), 883-888.

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Journal: Management Science Letters | Year: 2015 | Volume: 5 | Issue: 9 | Views: 3842 | Reviews: 0

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