Project Selection Under Uncertainty Dynamically Allocating Resources to Maximize Value

Project Selection Under Uncertainty is the result of a five-year research program on the selection of projects in New Product Development (NPD). Choosing the New Product Development portfolio is of critical importance in today's business environment. The NPD portfolio has considerable strategic...

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Bibliographic Details
Main Authors: Kavadias, Stylianos, Loch, Christoph H. (Author)
Format: eBook
Language:English
Published: New York, NY Springer US 2004, 2004
Edition:1st ed. 2004
Series:International Series in Operations Research & Management Science
Subjects:
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
Table of Contents:
  • 1. Introduction to the Portfolio Selection Problem
  • 1 Introduction
  • 2 Portfolio Selection: A Complex Task
  • 3 Research Questions and Overview of this Book
  • 2. What Has Been Done So Far?
  • 1 Introduction
  • 2 Operational Decisions
  • 3 Strategie Decisions
  • 4 Strategie Alignment of R&D: an Example
  • 5 Implications for this Book
  • 3. Dynamic Selection of NPD Programs
  • 1 Introduction
  • 2 Model Setup
  • 3 Increasing Returns
  • 4 Decreasing Returns
  • 5 Decreasing Returns and Market Interactions
  • 6 Decreasing Returns and Risk Aversion
  • 7 Numerieal Example
  • 8 n Product Lines and T Periods
  • 9 Discussion and Conclusion
  • 4. Applying Project Selection at Gemstone
  • 1 Introduction
  • 2 The Diamond Producer GemStone Inc.
  • 3 Selecting the Portfolio at GemStone
  • 4 Discussion and Conclusion
  • Admitting Projects One-By-One
  • 1 Introduction
  • 2 Model Setup
  • 3 Optimal policy
  • 4 Discussion and Conclusion
  • Prioritizing Ongoing Projects
  • 1 Introduction
  • 2 Model and Optimal Sequencing Policy
  • 3 Discussion and Examples
  • 4 Conclusion
  • What Have We Learned?
  • References
  • About the Authors