Software packages for multi-criteria resource allocation

Author

Lourenço, João Carlos ; Costa, Carlos A Bana e ; Morton, Alec

Author_Institution

Centre for Manage. Studies of IST, Tech. Univ. of Lisbon, Lisbon

fYear

2008

fDate

28-30 June 2008

Firstpage

1

Lastpage

6

Abstract

In this paper four commercial software packages for multi-criteria resource allocation are analyzed: Equity, HiPriority, Logical Decisions Portfolio and Expert Choice Resource Aligner. The key technical distinction concerns the type of resource allocation procedure used: Equity uses the benefit-to-cost ratio approach, HiPriority also uses the benefit-to-cost ratio approach and an exhaustive enumeration approach, whereas Logical Decisions Portfolio and Expert Choice Resource Aligner use a mathematical programming approach.

Keywords

expert systems; mathematical programming; resource allocation; software packages; benefit-to-cost ratio; exhaustive enumeration approach; expert choice resource aligner; logical decisions portfolio; mathematical programming; multicriteria resource allocation software; Councils; Decision making; Financial management; Mathematical model; Mathematical programming; Packaging; Portfolios; Project management; Resource management; Software packages; Multi-criteria resource allocation software; portfolio decision-making;

fLanguage

English

Publisher

ieee

Conference_Titel

Engineering Management Conference, 2008. IEMC Europe 2008. IEEE International

Conference_Location

Estoril

Print_ISBN

978-1-4244-2288-3

Electronic_ISBN

978-1-4244-2289-0

Type

conf

DOI

10.1109/IEMCE.2008.4617948

Filename

4617948