Date of Award
Fall 2014
Degree Type
Dissertation
Degree Name
Doctor of Philosophy (PhD)
Department
Technology
First Advisor
Dr. Edie. K. Schmidt
Committee Chair
Dr. Edie. K. Schmidt
Committee Member 1
Dr. Mary Johnson
Committee Member 2
Dr. Chad Laux
Committee Member 3
Dr. Jonathan Davis
Abstract
Project portfolio selection is an essential process for portfolio management and plays an important role in accomplishing organizational goals. This research explores the feasibility of developing a project portfolio selection tool by using mathematical programming and optimization models, specifically 0-1 integer programming (one objective portfolio) and goal programming (multiple objectives portfolio). These methods select the set of projects which deliver the maximum benefit (e.g., net present value, profit, etc.) represented for objective functions subjected to a series of constraints (e.g., technical requirements and/or resources availability) considering the scheduling of selected projects in a planning horizon, interdependence relationship among projects (e.g., complementary projects and mutually exclusive projects) and especial cases like mandatory and ongoing projects. ^ Based on the proposed model, a Decision Support System (DSS) will be developed and tested for accuracy, flexibility and ease of use. This computational tool will be designed for decision makers and users that are not familiar with mathematical programming models.
Recommended Citation
Caballero, Hugo, "Project portfolio evaluation and selection using mathematical programming and optimization methods" (2014). Open Access Dissertations. 237.
https://docs.lib.purdue.edu/open_access_dissertations/237