Product portfolio management (PPM) is a critical decision-making for companies across various industries in today's competitive environment. Traditional studies on PPM problem have been motivated toward engineering feasibilities and marketing which relatively pay less attention to other competitors' actions and the competitive relations, especially in mathematical optimization domain. The key c...

nowadays, project selection is a vital decision in many organizations. because competition among research projects in order to gain more budgets and to attain new scientific domain has increased. due to multiple objectives and budgeting restrictions for academic research projects have led to the use of expert system for decision making by academic and research centers. the existing methods suff...

Although the use of real options for valuation of information technology (IT) investments has been well-documented, little research has been conducted to examine its relevance for prioritizing a portfolio of projects. When the effect of project interdependencies is considered, the complexity of optimally prioritizing even a small number of projects poses several challenges in applying real opti...

I multiattribute portfolio optimization, a decision maker must evaluate a number of projects on multiple dimensions and then select the set of projects that optimizes the portfolio’s overall value. In this note, we discuss the importance of establishing an appropriate baseline score for not doing a project in multiattribute portfolio analysis. We believe that practitioners often implicitly assu...

in recent years, due to absence of integrated watershed management in most regions, natural resources have witnessed numerous damages with severe floods as one of its consequences which further leads to economic, social and environmental damages. presently, there is no optimal utilization of land in most watersheds hence no optimal model matching with facilities and objectives is used in the wa...

In the process of investment decision making, next to financial indicators many other aspects of investment projects are increasingly often considered. This leads to the multi-criteria evaluation of a project. The advantage of multi-criteria methods is the ability to take into account all (not only financial) aspects of the attractiveness of an investment project. The selection of criteria of p...

Many portfolio optimization problems deal with allocation of assets which carry a relatively high market price. Therefore, it is necessary to determine the integer value of assets when we deal with portfolio optimization. In addition, one of the main concerns with most portfolio optimization is associated with the type of constraints considered in different models. In many cases, the resulted p...