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, China, 19 - 21 October 2009, pp.162-164 identifier

  • Publication Type: Conference Paper / Full Text
  • City: Beijing
  • Country: China
  • Page Numbers: pp.162-164
  • Galatasaray University Affiliated: Yes

Abstract

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.