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Multimethod to prioritize projects evaluated in different formats.

Felipe Diniz Ramalho1,2, Iara Sibele Silva1,3, Petr Y Ekel1,2,4

  • 1Pontifical Catholic University of Minas Gerais, Belo Horizonte, MG 30535-610, Brazil.

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Summary

This study introduces a novel methodology to prioritize research and development projects evaluated using diverse expert preference formats. It enables the integration of project portfolios and overcomes limitations of single-format prioritization methods.

Keywords:
Analytic hierarchy processPortfolio of Rd&I projectsPreference formatsTransformation functions

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Area of Science:

  • Innovation Management
  • Decision Sciences
  • Operations Research

Background:

  • Project prioritization is crucial for innovation management.
  • Existing methods often handle only one expert preference format.
  • This limits the integration of diverse project portfolios.

Purpose of the Study:

  • Develop techniques for format crossover between prioritization methods.
  • Enable merging of project portfolios evaluated with different methods.
  • Facilitate prioritization of projects assessed using varied preference formats.

Main Methods:

  • Introduced a methodology for format and method crossover.
  • Applied techniques to ensure compatibility between preference formats and prioritization methods.
  • Demonstrated application using Mapping, Analytic Hierarchy Process (AHP), and TODIM methods.

Main Results:

  • Successfully developed techniques to bridge different preference formats and prioritization methods.
  • Enabled the merging of project portfolios evaluated using disparate methods.
  • Achieved consistent evaluation matrices for cross-method project prioritization.

Conclusions:

  • The proposed methodology offers a universal solution for prioritizing projects across different formats.
  • It enhances flexibility and compatibility in innovation management decision-making.
  • The techniques provide a robust framework for integrating diverse project evaluations.