A Methodology for Collective Evaluation and Selection of Industrial R&D Projects

Muhittin Oral, Ossama Kettani and Pascal Lang
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Muhittin Oral: Sciences de l'Administration, Université Laval, Ste-Foy, Québec, P.Q. G1K 7P4 Canada
Ossama Kettani: Sciences de l'Administration, Université Laval, Ste-Foy, Québec, P.Q. G1K 7P4 Canada
Pascal Lang: Sciences de l'Administration, Université Laval, Ste-Foy, Québec, P.Q. G1K 7P4 Canada

Management Science, 1991, vol. 37, issue 7, 871-885

Abstract: This paper proposes a methodology for evaluating and selecting R&D projects in a collective decision setting, especially useful at sectorial and national levels. It consists of two major phases: Evaluation and Selection. The evaluation process repeatedly uses mathematical programming models to determine the "relative values" of a given R&D project from the viewpoint of the other R&D projects. The selection process of R&D projects is based on these "relative values" and is done through a model-based outranking method. The salient features of the methodology developed are its ability to (1) permit the evaluation of an R&D project from the viewpoint of the other R&D projects without at first imposing a uniform evaluation scheme, and (2) maximize the level of consensus as to which projects should not be retained in the R&D Program being funded, thus minimizing the level of possible resentment in those organizations or departments whose projects are not included in the R&D Program. Also discussed in this paper is an application of the methodology to evaluate and select major R&D projects in the iron and steel industry of Turkey.

Keywords: R&D project evaluation and selection; group decision making; iron and steel industry; data envelopment analysis; social choice; multiple criteria analysis; consensus formation (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (57)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:37:y:1991:i:7:p:871-885

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