Affiliations: [a] Department of Industrial Engineering, Faculty of Engineering, Shahed University, Tehran, Iran
| [b] Faculty of Industrial and Mechanical Engineering, Qazvin Branch, Islamic Azad University, Qazvin, Iran
| [c] LCFC, Arts et Métier Paris Tech, Centre de Metz, Metz, France
Correspondence:
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Corresponding author. S. Meysam Mousavi, Department of Industrial Engineering, Faculty of Engineering, Shahed University, Tehran, Iran. Tel.: +98 21 51212091; E-mail: sm.mousavi@shahed.ac.ir.
Abstract: High and new technology-project as a tool to achieve productive forces through scientific and technological knowledge is characterized as knowledge based with high risk and returns. Often conflicting objectives of these projects have complicated their assessment and selection process. This paper offers a novel approach of high technology-project portfolio selection in two main parts. In the first part, a new risk reduction compromise decision-making model is proposed that applies a new approach in determining the weights of experts and in avoiding information loss. The objective function of a new interval type-2 fuzzy sets (IT2Fs) based mathematical model of project portfolio selection is formed by the outcome. To depict model’s applicability, data from case study of high technology-project selection in the literature is used to present the efficacy of the model.
Keywords: High and new technology-projects, project portfolio selection, compromise solutions, mathematical modeling, interval type-2 fuzzy sets
