Skip to main content
Disciplines
Automotive Business IT + Informatics Construction + Real Estate Electrical Engineering + Electronics Energy + Sustainability Insurance + Risk Finance + Banking Management + Leadership Marketing + Sales Mechanical Engineering + Materials
Events
DE
EN
Books
Journals
Topic Page
Marketing
Start single access now
Access for companies
EXTENDED SEARCH
Log in
Top
Soft Computing
Published in: Soft Computing 16/2018

04-06-2018 | Focus

Project portfolio selection based on synergy degree of composite system

Authors: LiBiao Bai, Hongliang Chen, Qi Gao, Wei Luo

Published in: Soft Computing | Issue 16/2018

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

A synergistic perspective to selecting the right project portfolio is the key to realizing strategic organizational objectives. Based on the theory of the composite system, this paper identifies the factors that affect the science of project portfolio selection (PPS) and investigates the synergistic relationship among the organizational strategic objective subsystem, the project portfolio subsystem and the environment subsystem, which collectively constitute the composite system of project portfolio selection. Utilizing the concept of order parameters, an order parameter system is built for each subsystem to reflect the synergistic relationships in the composite system of PPS. The PPS model is constructed based on the degree of synergy in the composite system by describing the order degree of the subsystem and the synergy degree of the composite system, which helps to quantify the synergistic relationships among these subsystems. The effectiveness and feasibility of the proposed model are demonstrated and validated by a case study.
previous article Sustainability evaluation of the supply chain with undesired outputs and dual-role factors based on double frontier network DEA
next article Balancing strategic contributions and financial returns: a project portfolio selection model under uncertainty

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

inform now
Literature
An HG (2007) Research on the theory frame and method of project portfolio selection. Northwestern Polytechnical University, Xi’an
Bai LB, Bai SJ, Shi Victor (2017) Synergetic degree of project portfolio configuration based on the theory of entropy. Sci Technol Manag Res 37(7):164–171
Buys AJ, Stander MJ (2012) Linking projects to business strategy through project portfolio management. S Afr J Ind Eng 21(1):59–68
Calvo C, Ivorra C, Liern V (2016) Fuzzy portfolio selection with non-financial goals: exploring the efficient frontier. Ann Oper Res 245(1–2):31–46MathSciNetCrossRefMATH
Cao L, Zijun QI, Wang L (2016) Research on the coupling synergy between urbanization and the development of construction industry in Tianjin. Constr Econ 37(11):87–91
Chi GT, Cao TT, Zhang K (2012) Construction of the evaluation index system of human comprehensive development based on correlation-principal component analysis. Syst Eng Theory Pract 32(1):111–119
Davis AJ, Murray HW, Handman E (2004) Drugs against leishmaniasis: a synergy of technology and partnerships. Trends Parasitol 20(2):73–76CrossRef
Draft RL, Sormunen J, Parks D (1988) Chief executive scanning, environmental characteristics, and company performance: an empirical study. Strateg Manag J 9(2):123–139CrossRef
Fang WW (2002) Construction and function of evaluation system of real estate investment environment. J Nanjing Univ Aeronaut Astronaut 4(4):43–46
Feng JQ, Zhang Z (2009) Research on multi-projects synergistic management. China’s High-tech Enterp 1:167–169
Frizelle Mccarthy IP, Rakotobejoel T, Frizelle G (2000) Complex systems theory: implications and promises for manufacturing organisations. Int J Manuf Technol Manag 2(7):559–579
Gao P, Liu Y, Li X, Wang Y (2015) Unraveling the technological innovation pattern of China’s aerospace: synergy innovation. Chin Manag Stud 9(4):501–527CrossRef
Gu JF, Zhu CJ, Hao ZC (2011) Application of principal component analysis in water quality evaluation by SPSS software. Adv Mater Res 403–408:3277–3280CrossRef
Gunawardana HMRSS, Wanninayake WMCB (2012) Principal component analysis with SPSS. Arxiv Preprint Arxiv 11(22):261–262
Haken H (1983) Synergetics an introduction, 3rd edn. Springer, Berlin, pp 10–15CrossRef
Harry M (1952) Portfolio selection. J Finance 7(1):77–91
Ke-Xin BI, Sun DH (2010) Empirical study on synergy development between product innovation and process innovation in manufacturing enterprises based on coordination measurement model with respect to composite system. China Soft Sci 46(9):156–163
Ke-Xin BI, Ming-Ye AI, Bai-Zhou LI (2007) The classification study on analysis models and approaches of synergy development between product innovation and process innovation. Chin J Manag Sci 47(4):138–148
Khan MFF, Sakamura K (2012) Toward a synergy among discretionary, role-based and context-aware access control models in healthcare information technology. In: Internet security
Le XJ, She LZ (2011) Innovation research on collaborative management mode of large scale cluster project. J Eng Manag 25(1):56–60
Leung SO (2011) A comparison of psychometric properties and normality in 4-, 5-, 6-, and 11-point Likert scales. J Soc Serv Res 37(4):412–421CrossRef
Li XB, Ge HY (2009) Research on the adaptability to internal and external environment of enterprise based on AHP. J Reform Strategy 25(8):159–162
Li XM, Wei HJ, Guo XL et al (2014) Study of bi-objective project portfolio selection model based on the divisibility. Chin J Manag Sci 22:154–157
Liu Y, Liu YK (2016) Distributionally robust fuzzy project portfolio optimization problem with interactive returns. Appl Soft Comput 56:655–668CrossRef
Nie JK, Wei HA (2015) An attempt on science and technology synergy innovation mechanism in universities—a case study of Hubei universities. Technol Innov Manag 36(2):103–115
Oosthuizen C, Grobbelaar SS, Bam W (2016) Exploring the link between PPM implementation and company success in achieving strategic goals: an empirical framework. S Afr J Ind Eng 27(3):238–250
Qiu YR, Yuan L (2004) New method for evaluating venture capital portfolio. Sci Technol Prog Countermeas 5:37–39
Rabbani M, Moghaddam RT, Jolai F, Ghorbani HR (2016) A comprehensive model for R and D project portfolio selection with zero-one linear goal-programming. J Appl Phys 99(8):706–709
Razi FF, Shariat SH (2017) A hybrid grey based artificial neural network and C&R tree for project portfolio selection. Benchmark Int J 24(3):651–665CrossRef
Shi B, Wang H, Qi L (2011) A hybrid genetic algorithm for scheduling and selecting a project portfolio. Foundations of intelligent systems. Springer, Berlin
Song HY, Guo YT, Bai SJ (2013) Research on project portfolio allocation based on strategic orientation. Res Sci Technol Manag 16:186–189
Sun ZH (2005) Research on enterprise project portfolio management and portfolio evaluation. Northwestern Polytechnical University, Xi’an
Wang HQ, Yu-Lian XU (2012) A measure model for synergy degree between Sci-tech innovation and Sci-tech finance and its application. China Soft Sci 6:129–138
Wang LB, Hong J, Zhao DT et al (2014) Energy degree of China’s High-tech industrial innovation system. Syst Eng 32(3):1–7
Wang XB, Bai SJ, Bai LB (2015a) Strategic closeness for aerospace project portfolio allocation based on synergetic theory. Space Environ Eng 32(2):217–223
Wang XB, Bai SJ, Bai LB (2015b) Strategic closeness for aerospace project portfolio allocation based on synergistic theory. Space Environ Eng 32(2):217–223
Wu J (2016) Study on synergy mechanism of regional archival information resources co-construction and sharing. Arch Manag 3(220):32–34
Wu Y, Xu C, Ke Y et al (2018) An intuitionistic fuzzy multi-criteria framework for large-scale rooftop PV project portfolio selection: case study in Zhejiang, China. Energy 143:295–309CrossRef
Yang Q, Shi Q (2016) The Standard for portfolio management, 3rd edn. Project Management Association, Beijing
Zhang L, Ng CM, Li JF, Pfister DM (2010) Synergy between scientific advancement and technological innovation illustrated by a mechanism-based model characterizing sodium-glucose cotransporter-2 inhibition. J Clin Pharmacol 50(9):113–120CrossRef
Zhang ZH, Wang Y, Wang HL (2014) Research on multi-projects synergistic mechanism exploration and application. Proj Manag Technol 12(8):114–118
Zhu H (2007) Analysis of interaction between enterprise and enterprise environment. J Wuhan Univ 60(2):235–240
Metadata
Title
Project portfolio selection based on synergy degree of composite system
Authors
LiBiao Bai
Hongliang Chen
Qi Gao
Wei Luo
Publication date
04-06-2018
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/s00500-018-3277-8

Other articles of this Issue 16/2018

Soft Computing 16/2018 Go to the issue

Focus

What is the value of an online retailer sharing demand forecast information?

Focus

An optimal model using data envelopment analysis for uncertainty metrics in reliability

Focus

A novel hybrid decision support system for thyroid disease forecasting

Focus

Measuring and forecasting the volatility of USD/CNY exchange rate with multi-fractal theory

Focus

A bi-level optimization model of LRP in collaborative logistics network considered backhaul no-load cost

Focus

The coordination mechanisms of emergency inventory model under supply disruptions

Premium Partner

    Image Credits