What is it about?

We propose a model of the time-interdependencies, under imperfect knowledge, and their influence in choosing optimal portfolios of new product development projects. The proposed approach is an optimization method that incorporates imprecise information using intervals.

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Why is it important?

The new product development projects represent a strategy to overcome competitors inside a competitive environment. The management of such projects is usually complex and involves risk due to the changing and conflicting environment. Our approach incorporates the DM’s attitude facing uncertainty and imprecision related to the risk and particularly in the presence of time-interdependencies, previous work lacks this feature.

Perspectives

I have an excellent interdisciplinary research group approaching real decision-making problems with hybrid methods and models developed with the supported of different areas, mainly mathematics and computer science.

Laura Cruz-Reyes
Madero Institute of Technology of National Mexican Institute of Technology

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This page is a summary of: An Interval-Based Evolutionary Approach to Portfolio Optimization of New Product Development Projects, Mathematical Problems in Engineering, July 2019, Hindawi Publishing Corporation, DOI: 10.1155/2019/4065424.
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