Abstract
After the decision maker has articulated and assessed the values, identified relevant technology and resource allocation alternatives, and determined the relationships between these alternatives and values in a technology portfolio planning process, he or she will need to find the best resource allocation among the technologies that maximizes the total value of the portfolio. How to efficiently search for the best choice among many alternatives is a challenge to creativity. In many cases, the effective search techniques are closely related to the characteristics of the relationship between alternatives and values, such as those of the following:
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whether the relationship is deterministic, i.e., without uncertainty, or the effects of uncertainty need to be explicitly considered
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whether the relationship has a special functional form
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whether the possible alternatives can be classified by a special scheme
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6.8. References
Analytic Hierarchy Process
Saaty, T., Decision Making for Leaders, RWS Publications, 1999/2000 revised edition.
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Bellman, R., Dynamic Programming, Dover, 2003
Software: Software for dynamic programming application has been developed by Gopal Bhat and is available from the author at www.starstrategygroup.com.
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(2006). Find the Optimal Technology Portfolio: Major Deterministic Methods. In: Technology Portfolio Planning and Management. International Series in Operations Research & Management Science, vol 96. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-35448-4_6
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DOI: https://doi.org/10.1007/978-0-387-35448-4_6
Publisher Name: Springer, Boston, MA
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