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Title: A multiobjective fuzzy model for selecting and planning a project portfolio in a public organisation

Authors: Fátima Pérez; Rafael Caballero; Ana F. Carazo; Trinidad Gómez; Vicente Liern

Addresses: Departamento de Economía Aplicada (Matemáticas), Universidad de Málaga, Campus El Ejido s/n, Málaga, 29071, Spain ' Departamento de Economía Aplicada (Matemáticas), Universidad de Málaga, Campus El Ejido s/n, Málaga, 29071, Spain ' Departamento de Economía, Métodos Cuantitativos e Historia Económica, Universidad Pablo de Olavide, Ctra. Utrera Km. 1, Sevilla, 41013, Spain ' Departamento de Economía Aplicada (Matemáticas), Universidad de Málaga, Campus El Ejido s/n, Málaga, 29071, Spain ' Departamento de Matemáticas para la Economía y la Empresa, Universidad de Valencia, Campus de Tarongers, Avenida de los Naranjos, Valencia, 46021, Spain

Abstract: Our purpose in this paper is to assist decision-makers in the task of selecting project portfolios to satisfy their requirements and guarantee profitable growth. This task usually involves decision-makers having to face multiple objectives and constraints, as well as the uncertainty associated with certain parameters of the problem. Therefore, in this paper, we propose a multiobjective programming model, which includes uncertainty through the use of fuzzy parameters and allows us to represent information not fully known by the decision-makers. The resulting model has been applied to a project portfolio selection process in a public organisation.

Keywords: project portfolio selection; fuzzy numbers; multiobjective programming; public organisations; fuzzy modelling; project planning; project portfolios.

DOI: 10.1504/IJEME.2015.069893

International Journal of Engineering Management and Economics, 2015 Vol.5 No.1/2, pp.48 - 58

Received: 15 Oct 2014
Accepted: 15 Dec 2014

Published online: 15 Jun 2015 *

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