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

Author

Listed:
  • 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)

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.

Suggested Citation

  • 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.
  • Handle: RePEc:inm:ormnsc:v:37:y:1991:i:7:p:871-885
    DOI: 10.1287/mnsc.37.7.871
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    File URL: http://dx.doi.org/10.1287/mnsc.37.7.871
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