Competence-driven project portfolio selection, scheduling and staff assignment
Walter Gutjahr (walter.gutjahr@univie.ac.at),
Stefan Katzensteiner (stefan.katzensteiner@univie.ac.at),
Peter Reiter (peter.reiter@univie.ac.at),
Christian Stummer and
Michaela Denk (michaela.denk@chello.at)
Central European Journal of Operations Research, 2008, vol. 16, issue 3, 306 pages
Abstract:
This paper presents a new model for project portfolio selection, paying specific attention to competence development. The model seeks to maximize a weighted average of economic gains from projects and strategic gains from the increment of desirable competencies. As a sub-problem, scheduling and staff assignment for a candidate set of selected projects must also be optimized. We provide a nonlinear mixed-integer program formulation for the overall problem, and then propose heuristic solution techniques composed of (1) a greedy heuristic for the scheduling and staff assignment part, and (2) two (alternative) metaheuristics for the project selection part. The paper outlines experimental results on a real-world application provided by the E-Commerce Competence Center Austria and, for a slightly simplified instance, presents comparisons with the exact solution computed by CPLEX. Copyright Springer-Verlag 2008
Keywords: Competence development; Metaheuristics; Optimization; Project portfolio; Project scheduling; Staff assignment (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (17)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:cejnor:v:16:y:2008:i:3:p:281-306
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DOI: 10.1007/s10100-008-0057-z
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