Decision making tools in feasibility analysis of national R&D programs

As a part of evaluation system for R&D program, Korea government has applied feasibility analysis since 2007. Various professionals put forth a great effort in order to catch up the high degree of freedom of R&D programs, and make contributions to evolving the feasibility analysis. Research teams analyze diverse R&D programs from various viewpoints, such as technology, policy, and impact, integrate the separate analysis, and finally arrive at a definite result; whether a program is feasible or unfeasible. Analytic hierarchy process is used to combine the multiple analyses. This paper delivers the story about feasibility analysis and investigates the efficiency of the AHP in feasibility analysis as a decision making tool. Also it presents some suggestions about modifying the AHP and applying other tools such as ANP and fuzzy logics.