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Expanded models of the project portfolio selection problem with loss in divisibility

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Journal of the Operational Research Society

Abstract

This research develops three new models for the project portfolio selection problem with multiple periods. To reflect some real situations, three loss assumptions are considered for the interruption of project execution for the first time. The mathematical representations of the loss assumptions are provided and proved. Besides, the workload constraint, capital flow constraint, cardinality constraint, and precedence relationship are incorporated into the models. One benchmark example and one real-world application case are used to demonstrate the capability and characteristics of the proposed models.

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Acknowledgements

This research has been supported by the Baichuan Acrylic factory. Tian’s research has been supported by the Chinese National Science Foundation # 11401485 and # 71331004. Ye’s research has been supported by the Chinese National Science Foundation # 71271172.

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Authors and Affiliations

  1. School of Business Administration and Research Center for Big Data, Southwestern University of Finance and Economics, Chengdu, China

    Ye Tian & Miao Sun

  2. School of Business Administration, Southwestern University of Finance and Economics, Chengdu, China

    Zuoliang Ye

  3. School of Insurance and Collaborative Innovation Center of Financial Security, Southwestern University of Finance and Economics, Chengdu, China

    Wei Yang

Authors
  1. Ye Tian
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  2. Miao Sun
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  3. Zuoliang Ye
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  4. Wei Yang
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Correspondence to Ye Tian.

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Tian, Y., Sun, M., Ye, Z. et al. Expanded models of the project portfolio selection problem with loss in divisibility. J Oper Res Soc 67, 1097–1107 (2016). https://doi.org/10.1057/jors.2016.11

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