Selecting research and development projects

Previously proposed algorithms for selecting research and development projects are reviewed. A new method for analysis of project selection decisions is developed. This method includes such features as multiple criteria, funding ranges, and multiple solutions. Methods of handling multiple criteria are discussed. An interactive project selection algorithm is developed and implemented. Three characteristics of the algorithm improve its usefulness and acceptability to decision makers; 1) the algorithm is based on a relatively realistic model of the decision situations, 2) it requires direct participation on the part of the decision maker and allows some user control of evaluation criteria, and 3) it's data requirements are modest.Business, Sauder School ofOperations and Logistics (OPLOG), Division ofGraduat