Multicriteria Decision Method for Project Ranking Considering Uncertainty

Guilherme Augusto Barucke Marcondes

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Paper

Multicriteria Decision Method for Project Ranking Considering Uncertainty

Topics: Decision Analysis; Project Management; Simulation; Stochastic Processes

In Proceedings of the 10th International Conference on Operations Research and Enterprise Systems ICORES - Volume 1, 123-128, 2021

Author: Guilherme Augusto Barucke Marcondes

Affiliation: National Institute of Telecommunications, Inatel, Av. Joao de Camargo, 510, Santa Rita do Sapucai, Brazil

Keyword(s): Project Selection, Multicriteria Decision Methods, Uncertainty, ELECTRE II.

Abstract: Frequently, decision makers face the challenge of selecting projects to be executed. Resources are not enough for funding all of them. In this challenge, they need the support of a tool or method, due to several criteria to be considered simultaneously. Multicriteria decision methods can provide a good support. However, as inherent to all estimation in projects, uncertainty must be addressed. This works proposes a method for incorporating uncertainty in project selection using ELECTRE II method and Monte Carlo simulation.

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Paper citation in several formats:

Marcondes, G. (2021). Multicriteria Decision Method for Project Ranking Considering Uncertainty. In Proceedings of the 10th International Conference on Operations Research and Enterprise Systems - ICORES; ISBN 978-989-758-485-5; ISSN 2184-4372, SciTePress, pages 123-128. DOI: 10.5220/0010183601230128

@conference{icores21,
author={Guilherme Augusto Barucke Marcondes.},
title={Multicriteria Decision Method for Project Ranking Considering Uncertainty},
booktitle={Proceedings of the 10th International Conference on Operations Research and Enterprise Systems - ICORES},
year={2021},
pages={123-128},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010183601230128},
isbn={978-989-758-485-5},
issn={2184-4372},
}

TY - CONF

JO - Proceedings of the 10th International Conference on Operations Research and Enterprise Systems - ICORES
TI - Multicriteria Decision Method for Project Ranking Considering Uncertainty
SN - 978-989-758-485-5
IS - 2184-4372
AU - Marcondes, G.
PY - 2021
SP - 123
EP - 128
DO - 10.5220/0010183601230128
PB - SciTePress