Fuzzy Multiattribute R&D Project Selection Using Real Options with Trinomial Lattice Approach

TOLGA A. Ç., Kahraman C.

2nd International Conference on Risk Analysis and Crisis Response, Beijing, Çin, 19 - 21 Ekim 2009, ss.162-164 identifier

  • Yayın Türü: Bildiri / Tam Metin Bildiri
  • Basıldığı Şehir: Beijing
  • Basıldığı Ülke: Çin
  • Sayfa Sayıları: ss.162-164
  • Galatasaray Üniversitesi Adresli: Evet

Özet

Strategic R&D project selection decision is very important in two ways for corporations. First, in many organizations, R&D budget represents huge investment. Second, R&D projects' organizational returns are multidimensional in nature and risky in terms of projected outcome. This multidimensional characteristic is handled by a multi-attribute decision making method called fuzzy hierarchical TOPSIS.