RESEARCH AND DEVELOPMENT PROJECT PORTFOLIO SELECTION BASED ON COMPOUND REAL OPTIONS APPROACH AND ROBUST COMBINATORIAL OPTIMIZATION

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

MONTAJABIHA MAHSA; ARSHADI KHAMSEH ALIREZA; AFSHAR NADJAFI BEHROUZ

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Journal of Operational Research in its Applications Year:2017 | Volume:14 | Issue:1 (52) Page(s): 39-62

Download Full-Text

Persian Verion

View:

1,157

Download:

Cites:

Information Journal Paper

Title

RESEARCH AND DEVELOPMENT PROJECT PORTFOLIO SELECTION BASED ON COMPOUND REAL OPTIONS APPROACH AND ROBUST COMBINATORIAL OPTIMIZATION

Author(s)

MONTAJABIHA MAHSA | ARSHADI KHAMSEH ALIREZA | AFSHAR NADJAFI BEHROUZ | Issue Writer Certificate

Keywords

Not Registered.

Abstract

worldwide rivalry of commerce surroundings lead organizations to focus on selecting the best project portfolio among available projects utilizing their scarce resources in the most effective manner. To accomplish that, organizations should consider the uncertainty intrinsic in projects on the basis of an appropriate valuation techniques with regard to flexibility in investment decisions making within an optimization framework. In this research, the problem of project selection under uncertain environment is formulated by using robust optimization model for dealing with the complexities and uncertainties regarding the construction of a project portfolio. First of all, a general mathematical formulation which can address compound real option valuation is presented which accounts for managerial flexibility, is employed to correct the deficiency of traditional discounted cash flow valuation that excludes any form of flexibility. Then, A project selection model is presented by robust optimization, which are effective for solving problems under uncertainty. Finally, by supposing budget of the organization to be rare, the model maximize the n_fold compound options formula as the objective function solve according to combinatorial robust optimization algorithm. An example is provided to illustrate the proposed decision approach.

Cites

No record.

References

No record.

Cite

APA: Copy

MONTAJABIHA, MAHSA, ARSHADI KHAMSEH, ALIREZA, & AFSHAR NADJAFI, BEHROUZ. (2017). RESEARCH AND DEVELOPMENT PROJECT PORTFOLIO SELECTION BASED ON COMPOUND REAL OPTIONS APPROACH AND ROBUST COMBINATORIAL OPTIMIZATION. JOURNAL OF OPERATIONAL RESEARCH AND ITS APPLICATIONS (JOURNAL OF APPLIED MATHEMATICS), 14(1 (52)), 39-62. SID. https://sid.ir/paper/164428/en

Vancouver: Copy

MONTAJABIHA MAHSA, ARSHADI KHAMSEH ALIREZA, AFSHAR NADJAFI BEHROUZ. RESEARCH AND DEVELOPMENT PROJECT PORTFOLIO SELECTION BASED ON COMPOUND REAL OPTIONS APPROACH AND ROBUST COMBINATORIAL OPTIMIZATION. JOURNAL OF OPERATIONAL RESEARCH AND ITS APPLICATIONS (JOURNAL OF APPLIED MATHEMATICS)[Internet]. 2017;14(1 (52)):39-62. Available from: https://sid.ir/paper/164428/en

IEEE: Copy

MAHSA MONTAJABIHA, ALIREZA ARSHADI KHAMSEH, and BEHROUZ AFSHAR NADJAFI, “RESEARCH AND DEVELOPMENT PROJECT PORTFOLIO SELECTION BASED ON COMPOUND REAL OPTIONS APPROACH AND ROBUST COMBINATORIAL OPTIMIZATION,” JOURNAL OF OPERATIONAL RESEARCH AND ITS APPLICATIONS (JOURNAL OF APPLIED MATHEMATICS), vol. 14, no. 1 (52), pp. 39–62, 2017, [Online]. Available: https://sid.ir/paper/164428/en

Related Journal Papers