The purpose of this paper is to develop a new two-stage method for fuzzy multi-objective linear program and apply to engineering project portfolio selection. In the fuzzy multi-objective linear program, all the objective coefficients, technological coefficients and resources are trapezoidal fuzzy numbers (TrFNs). An order relationship for TrFNs is introduced by using the interval expectation of...

here, we propose a fuzzy analytic hierarchy process (fahp) method to evaluate the alternatives of enterprise resource planning (erp) system. the fuzzy ahp approach allows the users get values more accurately to model the vagueness which changes according subjective ideas in the decision-making environment for erp system selection problem. therefore, fuzzy ahp method is used to obtain firm decis...

Increasing economy’s resistance against the menace of sanctions, various risks, shocks, and internal and external threats are one of the main national policies which can be implemented through bank investments. Investment project selection is a complex and multi-criteria decision-making process that is influenced by multiple and often some conflicting objectives. This paper studies portfolio inve...

491 Abstract— In this paper, we offer a new strategic portfolio model for national IT R&D project selection in Korea. A risk and return (R-R) portfolio model was developed using an objectively quantified index on the two axes of risk and return, in order to select a strategic project and allocate resources in compliance with a national IT R&D strategy. We strategize using the R-R portfolio mode...

Project selection problem has been largely discovered in extant literature, and attracted considerable attentions of academics and purchasing managers. Practical project selection problem is typically evolved of multi-criteria and a committee of experts. Given the exact values of the input data, certain expert may generate uncertain evaluation results on a project, because the exact weights ass...