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Article

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Title

Scenario planning + MCDA procedure for innovation selection problem

Authors

Year of publication

2013

Published in

Foundations of Computing and Decision Sciences

Journal year: 2013 | Journal volume: Vol. 38 | Journal number: no. 3

Article type

scientific article

Publication language

english

Keywords
EN
  • innovation management
  • multiple criteria decision analysis
  • scenario planning
  • uncertainty
  • VIKOR
  • VIKOR-S
Abstract

EN Selecting the proper set of innovation projects is the vital point of the innovation management in a firm. To make a good decision, managers have to consider many conflicting objectives in a highly uncertain environment. In this article, the comprehensive decision procedure based on scenario planning and multiple criteria analysis is presented. The main part of the procedure is a two-step model in which Hurwicz’s rule and VIKOR-S method are employed to gain the selection of alternatives. To build up the decision base, the classification of the criteria involved in the innovation project selection into five categories is proposed.

Pages (from - to)

207 - 220

DOI

10.2478/fcds-2013-0010

URL

https://sciendo.com/article/10.2478/fcds-2013-0010

License type

CC BY-NC-ND (attribution - noncommercial - no derivatives)

Full text of article

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public

Ministry points / journal

15

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