TY  - JOUR
T1  - Developing and Solving an One-Zero Non-Linear Goal Programming
Model to R and D Portfolio Project Selection with Interactions Between Projects
AU - Heydari, Tahere AU - Hosseini, Seyed-Mohammad Seyed AU - Makui, Ahmad 
JO  - International Business Management
VL  - 10
IS  - 19
SP  - 4516
EP  - 4521
PY  - 2016
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2016.4516.4521
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2016.4516.4521
KW  - Project portfolio
KW  -research and development projects
KW  -goal programming
KW  -interactive effects
KW  -interdependency
AB  - Because of limited resources, organizations, often have to make crucial decisions regarding selection
and scheduling of a project portfolio among the candidate projects. A poor decision might affect the
organization in two ways: first, by wasting the organization’s resources (monetary cost), investing them in weak
and non-strategic projects and second, by losing the opportunity to invest the resources in more profitable
projects (opportunity cost). Hence, selecting a rich portfolio has been always an important role of project
managers. In portfolio selection, the impact of one project selection on another projects selection is not studied
widely. In this research the project portfolio selection was studied from a system perspective. In a system
perspective, as a result of interactions between the components in the system, the whole is not necessarily
equal to the sum of its parts. In this study, the project portfolio selection and scheduling are integrated in one
model and formulated as a bi-objective non-linear problem. A goal programming technique is proposed to solve
this model and find the optimal portfolio together with the scheduling of selected projects. Some limitations
such as budget, resources and scheduling constraints have been considered in this case also the projects may
have strengthening and weakening effects on the profit, risk and costs of other projects that is considered in
this study.
ER  -