R&D and Innovation Project Selection: Can Optimization Methods be Adequate?

• DOI: 10.1016/j.procs.2015.07.051
• Publication Date: 2015-07-21T13:55:19Z
• Authors: Adriana Bin; Anibal Azevedo; Leonardo Duarte; Sérgio Salles-Filho; Pedro Massaguer
• Keywords: R&D management; project selection; 0211 other engineering and technologies; 02 engineering and technology; priority setting; innovation management

This article proposes a comprehensive framework for R&D and innovation project selection under uncertainty subject to real-world constraints applicable the Brazilian electricity sector, using combination of integer programming formulation PROMETHEE-based method. The objective is contribute this domain by offering an approach suitable challenges but also other situations involving investments similar conditions. manuscript presents applications real data from company. It compares proposed method with approaches found in literature such as PROMETHEE II V. application revealed best performance dealing sector's regulatory constraints, which emphasize companies' accomplishment expenditures obligations. In way, although not typical case optimization, some particular regional, sector-based or organization boundaries can be better solution.