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Constructing and evaluating balanced portfolios of R&D projects with interactions: A DEA based methodology


  • Eilat, Harel
  • Golany, Boaz
  • Shtub, Avraham


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  • Eilat, Harel & Golany, Boaz & Shtub, Avraham, 2006. "Constructing and evaluating balanced portfolios of R&D projects with interactions: A DEA based methodology," European Journal of Operational Research, Elsevier, vol. 172(3), pages 1018-1039, August.
  • Handle: RePEc:eee:ejores:v:172:y:2006:i:3:p:1018-1039

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    References listed on IDEAS

    1. Norman Baker & James Freeland, 1975. "Recent Advances in R&D Benefit Measurement and Project Selection Methods," Management Science, INFORMS, vol. 21(10), pages 1164-1175, June.
    2. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
    3. R. Allen & A. Athanassopoulos & R.G. Dyson & E. Thanassoulis, 1997. "Weights restrictions and value judgements in Data Envelopment Analysis: Evolution, development and future directions," Annals of Operations Research, Springer, vol. 73(0), pages 13-34, October.
    4. W. Cooper & Shanling Li & L. Seiford & Kaoru Tone & R. Thrall & J. Zhu, 2001. "Sensitivity and Stability Analysis in DEA: Some Recent Developments," Journal of Productivity Analysis, Springer, vol. 15(3), pages 217-246, May.
    5. Muhittin Oral & Ossama Kettani & Pascal Lang, 1991. "A Methodology for Collective Evaluation and Selection of Industrial R&D Projects," Management Science, INFORMS, vol. 37(7), pages 871-885, July.
    6. Matthew J. Liberatore & George J. Titus, 1983. "The Practice of Management Science in R&D Project Management," Management Science, INFORMS, vol. 29(8), pages 962-974, August.
    7. Basso, Antonella & Peccati, Lorenzo A., 2001. "Optimal resource allocation with minimum activation levels and fixed costs," European Journal of Operational Research, Elsevier, vol. 131(3), pages 536-549, June.
    8. Thompson, Russell G. & Langemeier, Larry N. & Lee, Chih-Tah & Lee, Euntaik & Thrall, Robert M., 1990. "The role of multiplier bounds in efficiency analysis with application to Kansas farming," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 93-108.
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    Cited by:

    1. Fernández Carazo, Ana & Gómez Núñez, Trinidad & Guerrero Casas, Flor M. & Caballero Fernández, Rafael, 2008. "Evaluación y clasificación de las técnicas utilizadas por las organizaciones, en las últimas décadas, para seleccionar proyectos = Evaluation and classification of the techniques used by organizations," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 5(1), pages 67-115, June.
    2. Jahangoshai Rezaee, Mustafa & Jozmaleki, Mehrdad & Valipour, Mahsa, 2018. "Integrating dynamic fuzzy C-means, data envelopment analysis and artificial neural network to online prediction performance of companies in stock exchange," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 489(C), pages 78-93.
    3. Karsu, Özlem & Morton, Alec, 2014. "Incorporating balance concerns in resource allocation decisions: A bi-criteria modelling approach," Omega, Elsevier, vol. 44(C), pages 70-82.
    4. Sébastien Casault & Aard J. Groen & Jonathan D. Linton, 2013. "Selection of a portfolio of R&D projects," Chapters, in: Albert N. Link & Nicholas S. Vonortas (ed.), Handbook on the Theory and Practice of Program Evaluation, chapter 4, pages 89-111, Edward Elgar Publishing.
    5. Lee, Hakyeon & Shin, Juneseuk, 2014. "Measuring journal performance for multidisciplinary research: An efficiency perspective," Journal of Informetrics, Elsevier, vol. 8(1), pages 77-88.
    6. Madjid Tavana & Kaveh Khalili-Damghani & Amir-Reza Abtahi, 2013. "A fuzzy multidimensional multiple-choice knapsack model for project portfolio selection using an evolutionary algorithm," Annals of Operations Research, Springer, vol. 206(1), pages 449-483, July.
    7. Zervopoulos, Panagiotis D. & Brisimi, Theodora S. & Emrouznejad, Ali & Cheng, Gang, 2016. "Performance measurement with multiple interrelated variables and threshold target levels: Evidence from retail firms in the US," European Journal of Operational Research, Elsevier, vol. 250(1), pages 262-272.
    8. Lo Nigro, Giovanna & Morreale, Azzurra & Enea, Gianluca, 2014. "Open innovation: A real option to restore value to the biopharmaceutical R&D," International Journal of Production Economics, Elsevier, vol. 149(C), pages 183-193.
    9. Wu, Yunna & Xu, Chuanbo & Ke, Yiming & Chen, Kaifeng & Sun, Xiaokun, 2018. "An intuitionistic fuzzy multi-criteria framework for large-scale rooftop PV project portfolio selection: Case study in Zhejiang, China," Energy, Elsevier, vol. 143(C), pages 295-309.
    10. Christian Meier, 2015. "Identifying Output Interactions Among Is Projects - A Text Mining Approach," Working Papers Dissertations 20, Paderborn University, Faculty of Business Administration and Economics.
    11. Bošković, Aleksandra & Krstić, Ana, 2018. "Combined Use of BSC and DEA Methods for Measuring Organizational Efficiency," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2018), Split, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Split, Croatia, 6-8 September 2018, pages 82-88, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    12. Olga Kokshagina & Pascal Le Masson & Benoit Weil, 2015. "Portfolio management in double unknown situations: technological platformsand the role of cross-application managers," Post-Print hal-01199929, HAL.
    13. Lee, Hakyeon & Park, Yongtae & Choi, Hoogon, 2009. "Comparative evaluation of performance of national R&D programs with heterogeneous objectives: A DEA approach," European Journal of Operational Research, Elsevier, vol. 196(3), pages 847-855, August.
    14. Wu, Yunna & Xu, Chuanbo & Ke, Yiming & Li, Xinying & Li, Lingwenying, 2019. "Portfolio selection of distributed energy generation projects considering uncertainty and project interaction under different enterprise strategic scenarios," Applied Energy, Elsevier, vol. 236(C), pages 444-464.
    15. Dimitrov, Stanko & Sutton, Warren, 2010. "Promoting symmetric weight selection in data envelopment analysis: A penalty function approach," European Journal of Operational Research, Elsevier, vol. 200(1), pages 281-288, January.
    16. Xingmei Li & Yaxian Wang & Qingyou Yan & Xinchao Zhao, 2019. "Uncertain mean-variance model for dynamic project portfolio selection problem with divisibility," Fuzzy Optimization and Decision Making, Springer, vol. 18(1), pages 37-56, March.
    17. García-Valderrama, Teresa & Mulero-Mendigorri, Eva & Revuelta-Bordoy, Daniel, 2009. "Relating the perspectives of the balanced scorecard for R&D by means of DEA," European Journal of Operational Research, Elsevier, vol. 196(3), pages 1177-1189, August.

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