Montibeller, Gilberto, Franco, L. Alberto, Lord, Ewan and Iglesias, Aline (2009) Structuring resource allocation decisions: a framework for building multi-criteria portfolio models with area-grouped options. In: International Conference on Information Systems, Logistics and Supply Chain, Lyon, FRANCE, MAY 14-17, 2006. Published in: European Journal of Operational Research, Vol.199 (No.3). pp. 846-856.

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Abstract

Multi-criteria portfolio modelling has been extensively employed as an effective means to allocate scarce resources for investment in projects when considering costs, benefits and risks. Some of these modelling approaches allow the grouping of projects into organisational areas, thus also supporting the decision of resource allocation among organisational units in a way that is collectively efficient for the organisation. However, structuring in practice a portfolio model using this latter type of approach is not a trivial task. How should areas be defined? Where should new projects be included? How should one define the criteria to evaluate performance? As far as we know, there is very little indication in the operational research and decision sciences literatures on how to structure this type of model. This paper suggests different ways to structuring portfolio models where projects are divided into areas and evaluated by multiple criteria, and illustrates their use in two action-research projects. Drawing on these experiences it then suggests a general framework for the structuring of such models in practice. Directions for future research are also identified. (C) 2009 Published by Elsevier B.V.

Item Type:	Conference Item (Paper)
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	European Journal of Operational Research
Publisher:	Elsevier Science BV
ISSN:	0377-2217
Date:	16 December 2009
Volume:	Vol.199
Number:	No.3
Number of Pages:	11
Page Range:	pp. 846-856
Identification Number:	10.1016/j.ejor.2009.01.054
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
Conference Paper Type:	Paper
Title of Event:	International Conference on Information Systems, Logistics and Supply Chain
Type of Event:	Conference
Location of Event:	Lyon, FRANCE
Date(s) of Event:	MAY 14-17, 2006
URI:	http://wrap.warwick.ac.uk/id/eprint/27694

Data sourced from Thomson Reuters' Web of Knowledge

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