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A Possibilistic Approach to R & D Portfolio Selection

Christer Carlsson, Robert Fullér, Péter Majlender, A Possibilistic Approach to R & D Portfolio Selection. In: Cybernetics and Systems 2006, Proceedings of the 18th European Meeting on Cybernetics and Systems Research (EMCSR 2006), 2, 469-473, Austrian Society for Cybernetic Studies, 2006.

Abstract:

A major advance in development of project
selection tools came with the application of
options reasoning to R&D. Our main concern
is how to deal with non-statistical imprecision
we encounter when judging or estimating
future cash
ows of R&D projects.
In this paper we develop a model for valuing
options on R&D projects, when future
cash
ows are estimated by trapezoidal fuzzy
numbers and the expected investment costs
are estimated by crisp numbers. We also
present a simple fuzzy 0-1 mathematical programming
model for R&D optimal portfolio
selection problem.

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BibTeX entry:

@INPROCEEDINGS{inpCaFuMa08a,
  title = {A Possibilistic Approach to R & D Portfolio Selection},
  booktitle = {Cybernetics and Systems 2006, Proceedings of the 18th European Meeting on Cybernetics and Systems Research (EMCSR 2006)},
  author = {Carlsson, Christer and Fullér, Robert and Majlender, Péter},
  volume = {2},
  publisher = {Austrian Society for Cybernetic Studies},
  pages = {469-473},
  year = {2006},
}

Belongs to TUCS Research Unit(s): Other

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