Fuzzy Multiattribute R&D Project Selection Using Real Options with Trinomial Lattice Approach

摘要：

Strategic R&D project selection decision is very important in two ways for corporations. First, in many organizations, R&D budget represents huge investment. Second, R&D projects organizational returns are multidimensional in nature and risky in terms of projected outcome. This multidimensional characteristic is handled by a multi-attribute decision making method called fuzzy hierarchical TOPSIS. The economic side of the selection process is handled with real options by fuzzy trinomial lattice solution method because decision maker has to decide whether to carry on the option or exercise it every year. Trinomial lattice method provides much better approximation to the continuous time process.

关键词： Multi-attribute selection Real Options R & D Projects Fuzzy TOPSIS

作者: A.(C)agri Tolga Cengiz Kahraman

作者单位: Industrial Engineering Department,Galatasaray University,Ortakoy,Istanbul, 34357,Turkey+902122274480 Industrial Engineering Department, Istanbul Technical University, Ma(c)ka,Istanbul,34367, Turkey+902

会议类型: 国际会议

会议名称: The 2nd International Conference on Risk Analysis and Crisis Response(第二届风险分析与危机反应国际学术研讨会)

会议地点: 北京

会议语种:英文

页码: 162-167

在线出版日期: 2009-10-19（万方平台首次上网日期，不代表论文的发表时间）