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Weighted Cumulative Belief Degree Approach for Project Portfolio Selection

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  • Özge Şahin Zorluoğlu

    (Istanbul Technical University, Faculty of Management)

  • Özgür Kabak

    (Istanbul Technical University, Faculty of Management)

Abstract

Selecting a portfolio of projects is essential for organizations to sustain and develop their businesses and increase profitability. While creating a suitable portfolio, the opinions of the employees in the organization’s hierarchy about alternative projects can improve the decision process. In this paper, we structure the information technology/business development (IT/BD) project portfolio selection problem as a hierarchical group decision-making setting. Our aim is to process information provided from a large number of employees participating in the decision-making process and prevent the dominance of a single decision maker or biases due to irrelevant evaluations. A weighted cumulative belief degree approach is proposed for aggregating the evaluations of the decision makers and experts on the projects and on the importance weights of the criteria. We conduct a real-life case study in an organization in the automotive sector. The application shows that the proposed approach can enable getting evaluations from a large organization with less time and provides diverse results based on the several satisfaction levels.

Suggested Citation

  • Özge Şahin Zorluoğlu & Özgür Kabak, 2020. "Weighted Cumulative Belief Degree Approach for Project Portfolio Selection," Group Decision and Negotiation, Springer, vol. 29(4), pages 679-722, August.
    • Handle: RePEc:spr:grdene:v:29:y:2020:i:4:d:10.1007_s10726-020-09673-3
    DOI: 10.1007/s10726-020-09673-3
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    References listed on IDEAS

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    1. Umut Asan & Ayberk Soyer, 2022. "A Weighted Bonferroni-OWA Operator Based Cumulative Belief Degree Approach to Personnel Selection Based on Automated Video Interview Assessment Data," Mathematics, MDPI, vol. 10(9), pages 1-33, May.

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