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http://dx.doi.org/10.3745/KIPSTD.2011.18D.4.299

Ordering of Project priorities For Open Market Portfolio  

Lee, Yong-Hee (숭실대학교 대학원 산업정보시스템공학과)
Lee, Gun-Ho (숭실대학교 산업정보시스템공학과)
Publication Information
The KIPS Transactions:PartD / v.18D, no.4, 2011 , pp. 299-308 More about this Journal
Abstract
In the recent years, a variety of projects have been conducted in order to enhance competitiveness of leading businesses and their followers in the market. Accordingly, the importance of project portfolio management has risen in the open market industry. Project portfolio management refers to crucial decision-making processes which aim to maximize benefits by selecting projects most suitable for a strategic objective among multiple projects with limited resources. In this study, the trend of project portfolio management studies is introduced. The study also presents a mathematical model of the problem, which aims at maximizing project values, possibility, and similarity between projects in the limited resources. We use the genetic algorithm to obtain the priority orders of projects. In order to verify this study, we compare the results of this study and the existing schedules of the E-open market in South Korea. This study ultimately reduces project risks, improves efficiency of development and continuity of tasks by properly ordering projects and assigning developers to the projects.
Keywords
Open Market; Project Portfolio; Priority; Project Management;
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Times Cited By KSCI : 1  (Citation Analysis)
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