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Soft Computing
Published in: Soft Computing 16/2018

11-06-2018 | Focus

Balancing strategic contributions and financial returns: a project portfolio selection model under uncertainty

Authors: Yuntao Guo, Lin Wang, Suike Li, Zhi Chen, Yin Cheng

Published in: Soft Computing | Issue 16/2018

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Abstract

This paper constructs a project portfolio selection model from the strategic perspective. Two goals are proposed for the portfolio to achieve, i.e., strategic contributions and financial returns. The uncertainties involved are addressed with fuzzy real options. Then, a modified multi-objective genetic algorithm is designed to determine the portfolios. Finally, a real case is provided to validate the model’s effectiveness. The results demonstrate that the proposed algorithm can optimize two objectives simultaneously and keep the plausible Pareto-optimal set which wins over the single-objective model solutions in achieving the shared value.
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Metadata
Title
Balancing strategic contributions and financial returns: a project portfolio selection model under uncertainty
Authors
Yuntao Guo
Lin Wang
Suike Li
Zhi Chen
Yin Cheng
Publication date
11-06-2018
Publisher
Springer Berlin Heidelberg
Published in
Soft Computing / Issue 16/2018
Print ISSN: 1432-7643
Electronic ISSN: 1433-7479
DOI
https://doi.org/10.1007/s00500-018-3294-7

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