Proceedings of the Fourth International Workshop on Knowledge Discovery, Knowledge Management and Decision Support

Multicriteria optimization of interdependent project portfolios with ‘a priori’ incorporation of decision maker preferences

Authors
Laura Cruz, Eduardo R. Fernandez, Claudia G. Gomez, Gilberto Rivera
Corresponding Author
Laura Cruz
Available Online October 2013.
DOI
https://doi.org/10.2991/.2013.21How to use a DOI?
Keywords
portfolio selection, interdependent projects, multicriteria optimization, preferences incorporation
Abstract
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.
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Proceedings
Fourth International Workshop on Knowledge Discovery, Knowledge Management and Decision Support
Part of series
Advances in Intelligent Systems Research
Publication Date
October 2013
ISBN
978-90-78677-86-4
ISSN
1951-6851
DOI
https://doi.org/10.2991/.2013.21How to use a DOI?
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  -