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Authors: Mohammed M. S. El-Kholany and Hisham M. Abdelsalam

Affiliation: Cairo University, Egypt

Keyword(s): Project Portfolio Selection (PPS), Synergy of Project, Cuckoo Search Algorithm.

Related Ontology Subjects/Areas/Topics: Applications ; Artificial Intelligence ; Enterprise Information Systems ; Information Systems Analysis and Specification ; Knowledge Discovery and Information Retrieval ; Knowledge-Based Systems ; Methodologies and Technologies ; Operational Research ; Optimization ; Project Management ; Symbolic Systems

Abstract: Many companies are moving toward a project-oriented way of managing their businesses while considering the risk of losing the limited available resources because of selecting incorrect projects to be executed. With a number of candidate projects larger than those which can be funded, organizations aim to select projects that maximize benefit and enhance their competitive advantages. These reasons force organizations to search for more effective techniques to improve their decision with project selection. The consideration of synergy between projects is not addressed much in literature. This paper proposes new meta-heuristic technique which is Cuckoo Search Algorithm to solve Project Portfolio Selection problem with synergy among various projects is considered. Four scenarios are experimented on 0 – 1 optimization problem contains two constraints budget and segmentation to show performance algorithm through iterations with changing scenarios in addition to the effect of synergy on pro jects selection and total benefit for the organization. (More)

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Paper citation in several formats:
El-Kholany, M. and Abdelsalam, H. (2016). A Binary Cuckoo Search Algorithm for Solving Project Portfolio Problem with Synergy Considerations. In Proceedings of 5th the International Conference on Operations Research and Enterprise Systems - ICORES; ISBN 978-989-758-171-7; ISSN 2184-4372, SciTePress, pages 130-136. DOI: 10.5220/0005694201300136

@conference{icores16,
author={Mohammed M. S. El{-}Kholany. and Hisham M. Abdelsalam.},
title={A Binary Cuckoo Search Algorithm for Solving Project Portfolio Problem with Synergy Considerations},
booktitle={Proceedings of 5th the International Conference on Operations Research and Enterprise Systems - ICORES},
year={2016},
pages={130-136},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0005694201300136},
isbn={978-989-758-171-7},
issn={2184-4372},
}

TY - CONF

JO - Proceedings of 5th the International Conference on Operations Research and Enterprise Systems - ICORES
TI - A Binary Cuckoo Search Algorithm for Solving Project Portfolio Problem with Synergy Considerations
SN - 978-989-758-171-7
IS - 2184-4372
AU - El-Kholany, M.
AU - Abdelsalam, H.
PY - 2016
SP - 130
EP - 136
DO - 10.5220/0005694201300136
PB - SciTePress

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