Engineering World
E-ISSN: 2692-5079 An Open Access, Peer Reviewed Journal of Selected Publications in Engineering and Applied Sciences
Volume 2, 2020
Evaluation of R&D Projects Using Fuzzy MCDM Method
Authors: , ,
Abstract: In recent years, global market competition leads companies to invest in R&D projects. Therefore, the selection of R&D projects constitutes an important part of project management in order to achieve the desired results and outputs. In this study, a hierarchical fuzzy multi-criteria decision making method was applied to determine the most suitable R&D project of a firm working in the machinery manufacturing sector in Turkey. The project selection criteria were divided into six main classes as technological, environmental, marketing, organizational, national benefits and financial issues. Related project selection methodology was applied to eight projects.
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Keywords: decision support systems, fuzzy sets, multi-criteria decision making, R&D project selection
Pages: 150-154
Engineering World, E-ISSN: 2692-5079, Volume 2, 2020, Art. #23