A fuzzy weighted average approach for selecting portfolio of new product development projects

作者：Relich Marcin^*; Pawlewski Pawel

来源：Neurocomputing, 2017, 231: 19-27.

DOI：10.1016/j.neucom.2016.05.104

• Fuzzy logic
• Neural networks
• Fuzzy neural system
• Multi-criteria decision making
• New product screening

New product portfolio selection is a multi-criteria decision making problem including both qualitative and quantitative criteria. Determining the exact values for these criteria is often difficult or even impossible taking into account uncertainty and complexity associated with new prdduct development prdjects. To assist managers in making portfolio selection decisions, this study proposes a new project portfolio selection model that uses a fuzzy weighted average approach for ranking new product projects and artificial neural networks for estimating project performance. New product development projects are evaluated according to criteria related to marketing, project team, project performance, risk, and strategy. The use of neural networks enables more precise evaluation of project performance criteria and provides additional informatiOn in portfolio selection. A case study of the evaluation of new product projects illustrates the usefulness of the proposed approach.

• 出版日期2017-3-29