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Project and Portfolio Selection

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An Introduction to Project Modeling and Planning

Part of the book series: Springer Texts in Business and Economics ((STBE))

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Abstract

Selecting one or more projects out of a set of candidate projects to maintain a project portfolio under limited resources is a critical decision for organizations. The project selection problem is inherently a multi-objective problem and is treated as such in this Chapter. Several models and solution techniques including Analytic Hierarchy Process (AHP), Multi-Objective Linear Programming, Goal Programming are introduced. Sensitivity analysis of the solutions is performed. In addition to AHP, several multi-objective mathematical programming models are introduced for selecting the projects effectively. Finally, a case study that addresses a real life project portfolio selection and scheduling problem is presented.

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Author information

Authors and Affiliations

  1. Faculty of Engineering and Natural Sciences, Sabancı University, Orhanlı, Tuzla, Istanbul, Turkey

    Gündüz Ulusoy

  2. Rennes School of Business, Rennes, France

    Öncü Hazır

Authors
  1. Gündüz Ulusoy
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  2. Öncü Hazır
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Ulusoy, G., Hazır, Ö. (2021). Project and Portfolio Selection. In: An Introduction to Project Modeling and Planning. Springer Texts in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-61423-2_14

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