Project portfolio selection is an essential process for portfolio management and plays an important role in accomplishing organizational goals. This research explores the feasibility of developing a project portfolio selection tool by using mathematical programming and optimization models, specifically 0-1 integer programming (one objective portfolio) and goal programming (multiple objectives portfolio). These methods select the set of projects which deliver the maximum benefit (e.g., net present value, profit, etc.) represented for objective functions subjected to a series of constraints (e.g., technical requirements and/or resources availability) considering the scheduling of selected projects in a planning horizon, interdependence relationship among projects (e.g., complementary projects and mutually exclusive projects) and especial cases like mandatory and ongoing projects. ^ Based on the proposed model, a Decision Support System (DSS) will be developed and tested for accuracy, flexibility and ease of use. This computational tool will be designed for decision makers and users that are not familiar with mathematical programming models.
","abstract_html":"<p>Project portfolio selection is an essential process for portfolio management and plays an important role in accomplishing organizational goals. This research explores the feasibility of developing a project portfolio selection tool by using mathematical programming and optimization models, specifically 0-1 integer programming (one objective portfolio) and goal programming (multiple objectives portfolio). These methods select the set of projects which deliver the maximum benefit (e.g., net present value, profit, etc.) represented for objective functions subjected to a series of constraints (e.g., technical requirements and/or resources availability) considering the scheduling of selected projects in a planning horizon, interdependence relationship among projects (e.g., complementary projects and mutually exclusive projects) and especial cases like mandatory and ongoing projects. ^ Based on the proposed model, a Decision Support System (DSS) will be developed and tested for accuracy, flexibility and ease of use. This computational tool will be designed for decision makers and users that are not familiar with mathematical programming models.</p>","abstract_has_math":false,"creators":["Caballero, Hugo"],"institution":null,"degree_name":"Doctor of Philosophy (PhD)","degree_level":"Dissertation","degree_discipline":"Technology","degree_department":null,"school":null,"contributors":["Dr. Edie. K. Schmidt","Dr. Mary Johnson","Dr. Chad Laux","Dr. Jonathan Davis"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2014,"date_issued":"2014-10-01T07:00:00Z","date_published":"2014-10-01T07:00:00Z","updated_at":"2026-07-24T03:53:22Z","subjects":["Operations","Research","Business Administration, Management, and Operations"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://docs.lib.purdue.edu/open_access_dissertations/237","outbound_label":"Repository record","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Dr. Edie. K. Schmidt","Dr. Mary Johnson","Dr. Chad Laux","Dr. Jonathan Davis"]},{"key":"dc:creator","label":"Author","values":["Caballero, Hugo"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"thesis:degree_discipline","label":"Discipline","values":["Technology"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Doctor of Philosophy (PhD)"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Operations","Research","Business Administration, Management, and Operations"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["https://docs.lib.purdue.edu/open_access_dissertations/237"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["Project portfolio selection is an essential process for portfolio management and plays an important role in accomplishing organizational goals. This research explores the feasibility of developing a project portfolio selection tool by using mathematical programming and optimization models, specifically 0-1 integer programming (one objective portfolio) and goal programming (multiple objectives portfolio). These methods select the set of projects which deliver the maximum benefit (e.g., net present value, profit, etc.) represented for objective functions subjected to a series of constraints (e.g., technical requirements and/or resources availability) considering the scheduling of selected projects in a planning horizon, interdependence relationship among projects (e.g., complementary projects and mutually exclusive projects) and especial cases like mandatory and ongoing projects. ^ Based on the proposed model, a Decision Support System (DSS) will be developed and tested for accuracy, flexibility and ease of use. This computational tool will be designed for decision makers and users that are not familiar with mathematical programming models.
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