Multicriteria optimization of interdependent project portfolios with ‘a priori’ incorporation of decision maker preferences
Laura Cruz, Eduardo R. Fernandez, Claudia G. Gomez, Gilberto Rivera
Available Online October 2013.
- https://doi.org/10.2991/.2013.21How to use a DOI?
- portfolio selection, interdependent projects, multicriteria optimization, preferences incorporation
- One of the most important management issues lies in determining the best portfolio of a given set of investment proposals. This decision involves the pursuit of multiple criteria, and has been commonly addressed by implementing a two-phase procedure whose first step identifies the efficient solution space. In this paper we introduce our algorithm called Non-Outranked Ant Colony Optimization (NO-ACO) that optimizes portfolios with interprojects interactions whilst takes into account the DM’s preferences by incorporating a priori preferences articulation. Experimental tests show the advantages of our proposal over the two-phase approach. Also, NO-ACO performed particularly well for problems with high dimensionality.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Laura Cruz AU - Eduardo R. Fernandez AU - Claudia G. Gomez AU - Gilberto Rivera PY - 2013/10 DA - 2013/10 TI - Multicriteria optimization of interdependent project portfolios with ‘a priori’ incorporation of decision maker preferences BT - Fourth International Workshop on Knowledge Discovery, Knowledge Management and Decision Support PB - Atlantis Press SP - 169 EP - 178 SN - 1951-6851 UR - https://doi.org/10.2991/.2013.21 DO - https://doi.org/10.2991/.2013.21 ID - Cruz2013/10 ER -