Evaluation of R&D projects with uncertainty based on evidence reasoning

Author

Yang, Ying ; Yu, Bengong ; Fu, Lei ; Shen, Haojie

Author_Institution

Key Lab. of Process Optimization & Intell. Decision-making of Minist. of Educ., Hefei Univ. of Technol., Hefei, China

Volume

2

fYear

2010

fDate

9-10 Jan. 2010

Firstpage

960

Lastpage

964

Abstract

This paper presents an assessment model for research and development (R&D) projects considering uncertainty in their overall life cycle. Technology maturity and competitive advantages were considered and a Balanced Scorecard (BSC) model was developed to evaluate R&D projects. Based on the multilevel evaluation framework, an evidence reasoning approach has been developed to aggregate the numerical data and qualitative information with uncertainty. The expected utility is applied to describe preferences of decision-makers in the decision process. A case study in the context of automobile R&D projects is given to illustrate the methods.

Keywords

case-based reasoning; decision making; project management; research and development; technology management; R&D project evaluation; assessment model; balanced scorecard model; decision making; evidence reasoning; multilevel evaluation framework; overall life cycle; research and development project; technology maturity; Aggregates; Automobiles; Data envelopment analysis; Decision making; Educational technology; Electronic mail; Laboratories; Research and development; Technology management; Uncertainty; Assessment; BSC; Evidence Reasoning; R&D; Research and Development Projects; Uncertainty;

fLanguage

English

Publisher

ieee

Conference_Titel

Logistics Systems and Intelligent Management, 2010 International Conference on

Conference_Location

Harbin

Print_ISBN

978-1-4244-7331-1

Type

conf

DOI

10.1109/ICLSIM.2010.5461038

Filename

5461038