A multicriteria sorting approach based on data envelopment analysis for R&D project selection problem |
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| Institution: | 1. BUTO Department, Vrije Universiteit Brussel (VUB), Pleinlaan 2, Brussels, Belgium;2. Portsmouth Business School, Centre for Operations Research and Logistics, University of Portsmouth, Portsmouth PO1 3DE, United Kingdom;1. CNRS, LAMSADE, UMR 7243 & Université Paris Dauphine, Place du Maréchal de Lattre de Tassigny, Paris Cedex 16 F-75775, France;2. Ghent University, H. Dunantlaan, 1, Gent B-9000, Belgium;1. Universidad Autónoma de Sinaloa, Mexico\n;2. CEG-IST, Instituto Superior Técnico, Universidade de Lisboa, Av. Rovisco Pais, 1, 1049-001, Portugal;3. Université Paris-Dauphine, PSL Research University, CNRS (UMR 7243), LAMSADE, Paris, France |
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| Abstract: | In this paper, multiple criteria sorting methods based on data envelopment analysis (DEA) are developed to evaluate research and development (R&D) projects. The weight intervals of the criteria are obtained from Interval Analytic Hierarchy Process and employed as the assurance region constraints of models. Based on data envelopment analysis, two threshold estimation models, and five assignment models are developed for sorting. In addition to sorting, these models also provide ranking of the projects. The developed approach and the well-known sorting method UTADIS are applied to a real case study to analyze the R&D projects proposed to a grant program executed by a government funding agency in 2009. A five level R&D project selection criteria hierarchy and an assisting point allocation guide are defined to measure and quantify the performance of the projects. In the case study, the developed methods are observed to be more stable than UTADIS. |
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| Keywords: | Multiple criteria sorting Data envelopment analysis Interval analytic hierarchy process UTADIS R&D project selection |
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