Strategic Planning Tool Development using Portfolio Decision Analysis

<p>A portfolio decision analysis strategic planning tool was developed for the Facilities Management Office at the University of Arkansas. The tool provides information to support budget allocation decisions based on their Strategic Planning Project List, project attributes (e.g, seat utilization, scheduling preferences, and sustainability rank), and budget constraints. The projects are evaluated using multiobjective decision analysis. We introduce dynamic value functions, which vary the range of the value measures based on the planning horizon, to evaluate the projects). We determine facilities portfolios based on the project values and constraints using Linear Programming. In addition, insightful reports are generated, which provide the stakeholders and decision makers visibility in the data trends that might affect the budget allocation in the future (e.g., student enrollment, fees increase). </p>

Name thesis:degree_name

Master of Science in Industrial Engineering (MSIE)

Level thesis:degree_level

Thesis

Year dc:date.available

2014

Author dc:creator

• Vargas Rojas, Luis B.

Advisor dc:contributor.advisor

• Parnell, Gregory S.

Contributors dc:contributor

• Pohl, Edward A.
• Rossetti, Manuel D.

• Construction Decision
• Industrial Engineering
• MODA
• Operations Research
• Portfolio Decision Analysis
• Value Hierarchy
• Business Administration, Management, and Operations
• Higher Education Administration
• Operational Research

Repository record dc:identifier

https://scholarworks.uark.edu/etd/2034

OAI identifier oai:identifier

oai:scholarworks.uark.edu:etd-3573