A fuzzy decision support system for strategic portfolio management [An article from: Decision Support Systems] | ![A fuzzy decision support system for strategic portfolio management [An article from: Decision Support Systems]](http://ecx.images-amazon.com/images/I/5143C7T64DL._SL160_.jpg)
 enlarge | Authors: C. Lin, P.j. Hsieh
Publisher: Elsevier
Category: Book
Buy New: $8.95
Sales Rank: 4956537
Format: Html
Media: Digital
Publication Date: December 1, 2004
Availability: Available for download now
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Product Description
This digital document is a journal article from Decision Support Systems, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
Portfolio selection for strategic management is a crucial activity in many organizations, and it is concerned with a complex process that involves many decision-making situations. In order to decide which of the proposed projects should be retained in the final project portfolio, numerous conflicting criteria must be considered. They include economic, personnel development, and corporate image. Although there are many studies available to assist decision-makers in doing the process of portfolio selection, there are no integrated frameworks that one can use to systematically do the portfolio selection. In addition, in most decision-making situations, decision-makers have to make decisions with incomplete information and under uncertain circumstances. These situations have been recognized by many researchers as a suitable field to use fuzzy set theory. Therefore, based on the concepts of decision support system (DSS), we developed an integrated framework that incorporates fuzzy theory into strategic portfolio selection. This framework provides managers with a flexible, expandable and interactive DSS to select projects for portfolio management. We used a real-world case to demonstrate the proposed approach.
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