C. Mira, P. Feijão, Maria Angélica Souza, A. Moura, J. Meidanis, G. Lima, Renato P. Bossolan, Italo T. Freitas
{"title":"A project portfolio selection decision support system","authors":"C. Mira, P. Feijão, Maria Angélica Souza, A. Moura, J. Meidanis, G. Lima, Renato P. Bossolan, Italo T. Freitas","doi":"10.1109/ICSSSM.2013.6602536","DOIUrl":null,"url":null,"abstract":"The selection and scheduling of a portfolio of projects is a task frequently found among the strategical activities performed by management staff in several industries. When choosing a project to be selected and scheduled into a portfolio, managers have to deal with conflicting criteria, resource constraints, distinct scenarios, and changes during the planning and execution phases. In this work, we describe the functionalities of a decision support system (DSS) prototype designed to help managers make better decisions, when constructing a portfolio of projects. The DSS software was developed to solve portfolio selection problems originating at a large corporation in the power generation industry. It implements a heuristic algorithm, which finds solutions at least 10% better than a manually produced solution for a real-world input instance.","PeriodicalId":354195,"journal":{"name":"2013 10th International Conference on Service Systems and Service Management","volume":"41 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2013-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2013 10th International Conference on Service Systems and Service Management","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICSSSM.2013.6602536","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 5
Abstract
The selection and scheduling of a portfolio of projects is a task frequently found among the strategical activities performed by management staff in several industries. When choosing a project to be selected and scheduled into a portfolio, managers have to deal with conflicting criteria, resource constraints, distinct scenarios, and changes during the planning and execution phases. In this work, we describe the functionalities of a decision support system (DSS) prototype designed to help managers make better decisions, when constructing a portfolio of projects. The DSS software was developed to solve portfolio selection problems originating at a large corporation in the power generation industry. It implements a heuristic algorithm, which finds solutions at least 10% better than a manually produced solution for a real-world input instance.
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