CIVILICA We Respect the Science
Publisher of Iranian Journals and Conference Proceedings
Paper
title

Budget allocation in a portfolio of projects concerning both efficiency and fairness

Credit to Download: 1 | Page Numbers 7 | Abstract Views: 119
Year: 2017
COI code: IIEC14_042
Paper Language: English

How to Download This Paper

For Downloading the Fulltext of CIVILICA papers please visit the orginal Persian Section of website.

Authors Budget allocation in a portfolio of projects concerning both efficiency and fairness

  Nima Golghamat Raad - Master student of Industrial Engineering Department, Amirkabir University of Technology, Tehran, Iran
  SMT Fatemi Ghomi - Professor of Industrial Engineering Department, Amirkabir University of Technology, Tehran, Iran

Abstract:

Allocation of scarce resources to different projects within a portfolio has been the subject of many scientific researches for a long time. Most of those are focused on maximizing the gained profit while rest of them concentrate on the other critical factors such as time, risk, cost, and alignment with the organizational strategic goals. But, few studies has considered this issue that in an unbalanced budget or resource allocation, those subjects, departments or projects that are received less share, may get failed andput the credit of the organization at risk. Also, the managers and staff who are involved in those projects or departments may lose their enthusiasm and job satisfaction and their capabilities may remain unused. In this paper, an OR Model is proposed to give a balanced budget allocation based on both Fairness and efficiency . The model not only helps the managers choose between projects, but also propose one of these three modes for accepted projects: Extended Mode , Normal Mode and limited Mode . The outcomes of the models can be used as a decision support system for portfolio managers.

Keywords:

Fair allocation, Fairness, Budget allocation, Project Portfolio selection

Perma Link

https://www.civilica.com/Paper-IIEC14-IIEC14_042.html
COI code: IIEC14_042

how to cite to this paper:

If you want to refer to this article in your research, you can easily use the following in the resources and references section:
Golghamat Raad, Nima & SMT Fatemi Ghomi, 2017, Budget allocation in a portfolio of projects concerning both efficiency and fairness, 14th International Industrial Engineering Conference, تهران, انجمن مهندسي صنايع ايران - دانشگاه علم و صنعت ايران, https://www.civilica.com/Paper-IIEC14-IIEC14_042.htmlInside the text, wherever referred to or an achievement of this article is mentioned, after mentioning the article, inside the parental, the following specifications are written.
First Time: (Golghamat Raad, Nima & SMT Fatemi Ghomi, 2017)
Second and more: (Golghamat Raad & Fatemi Ghomi, 2017)
For a complete overview of how to citation please review the following CIVILICA Guide (Citation)

Scientometrics

The University/Research Center Information:
Type: state university
Paper No.: 19662
in University Ranking and Scientometrics the Iranian universities and research centers are evaluated based on scientific papers.

Research Info Management

Export Citation info of this paper to research management softwares

New Related Papers

Iran Scientific Advertisment Netword

Share this paper

WHAT IS COI?

COI is a national code dedicated to all Iranian Conference and Journal Papers. the COI of each paper can be verified online.