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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Ye Tian & Miao Sun & Zuoliang Ye & Wei Yang, 2016. "Expanded models of the project portfolio selection problem with loss in divisibility," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 67(8), pages 1097-1107, August.
    • Handle: RePEc:pal:jorsoc:v:67:y:2016:i:8:d:10.1057_jors.2016.11
    DOI: 10.1057/jors.2016.11
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    References listed on IDEAS

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