Expanded models of the project portfolio selection problem with loss in divisibility

Ye Tian (), Miao Sun, Zuoliang Ye and Wei Yang
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Ye Tian: School of Business Administration and Research Center for Big Data, Southwestern University of Finance and Economics
Miao Sun: School of Business Administration and Research Center for Big Data, Southwestern University of Finance and Economics
Zuoliang Ye: School of Business Administration, Southwestern University of Finance and Economics
Wei Yang: School of Insurance and Collaborative Innovation Center of Financial Security, Southwestern University of Finance and Economics

Journal of the Operational Research Society, 2016, vol. 67, issue 8, 1097-1107

Abstract: Abstract This research develops three new models for the project portfolio selection problem with multiple periods. To reflect some real situations, three loss assumptions are considered for the interruption of project execution for the first time. The mathematical representations of the loss assumptions are provided and proved. Besides, the workload constraint, capital flow constraint, cardinality constraint, and precedence relationship are incorporated into the models. One benchmark example and one real-world application case are used to demonstrate the capability and characteristics of the proposed models.

Keywords: project portfolio selection problem; divisibility; loss assumptions (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1057/jors.2016.11

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