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Selecting the proper set of innovation projects is the vital point of the innovation management in a firm. To make a good decision, managers have to consider many conflicting objectives in a highly uncertain environment. In this article, the comprehensive decision procedure based on scenario planning and multiple criteria analysis is presented. The main part of the procedure is a two-step model in which Hurwicz's rule and VIKOR-S method are employed to gain the selection of alternatives. To build up the decision base, the classification of the criteria involved in the innovation project selection into five categories is proposed.
Rocznik
Tom
Strony
207--220
Opis fizyczny
Bibliogr. 24 poz., tab., fig.
Twórcy
autor
- University of Economics in Katowice ul. 1 Maja 50, 40-287 Katowice, Poland
Bibliografia
- [1] R. J. Calantone, C. A. Benedetto, and J. B. Schmidt. Using the analytic hierarchy process in new product screening. An International Publication of The Product Development & Management Association, 16(1):65-76, 1999.
- [2] Jui-Kuei Chen and I-Shuo Chen. Aviatic innovation system construction using a hybrid fuzzy MCDM model. Expert Systems with Applications, 37(12):8387-8394, 2010.
- [3] R. G. Cooper, S. J. Edgett, and E. J. Kleinschmidt. New product portfolio management: practices and performance. Journal of Product Innovation Management, 16(4):333-351, 1999.
- [4] R. G. Cooper, Scott J. Edgett, and Elko J. Kleinschmidt. New problems, new solutions: Making portfolio management more effective. Research-Technology Management, 43:18-33, 2000.
- [5] Robert G Cooper, Scott J Edgett, and Elko J Kleinschmidt. Benchmarking best NPD practices - I. Research Technology Management, 47(1):31-43, 2004.
- [6] Robert G. Cooper, Scott J. Edgett, and Elko J. Kleinschmidt. Benchmarking best NPD practices - II. Research-Technology Management, 47:50-59, 2004.
- [7] K. Cormican and D. O'Sullivan. Auditing best practice for effective product innovation management. Technovation, 24(10):819-829, 2004.
- [8] E. Danneels and E. J. Kleinschmidt. Product innovativeness from the firm's perspective: its dimensions and their relation with project selection and performance. Journal of Product Innovation Management, 18(6):357-373, 2001.
- [9] Mark Dodgson, David Gann, and Ammon Salter. The Management of Technological Innovation. Oxford University Press, 2008.
- [10] R. L. Englund and R. J. Graham. From experience: linking projects to strategy. Journal of Product Innovation Management, 16(1):52-64, 1999.
- [11] Paul Goodwin and George Wright. Enhancing strategy evaluation in scenario planning: a role for decision analysis. Journal of Management Studies, 38(1): 1-16, 2001.
- [12] Kees van der Heijden. Scenarios: The Art of Strategic Conversation. Wiley, 1 edition, 1996.
- [13] J. D. Linton, S. T. Walsh, B. A. Kirchhoff, J. Morabito, and M. Merges. Selection of R&D projects in a portfolio. In Engineering Management Society, 2000. Proceedings of the 2000 IEEE, pages 506-511, 2000.
- [14] Gilberto Montibeller, Haidee Gummer, and Daniele Tumidei. Combining scenario planning and multi-criteria decision analysis in practice. Journal of Multi- Criteria Decision Analysis, 14(1-3):5-20, 2006.
- [15] M. S. Morcos. Modelling resource allocation of R&D project portfolios using a multi-criteria decision-making methodology. International Journal of Quality and Reliability Management, 25(1):72-86, 2008.
- [16] S. Opricovic, S., . Multicriteria Optimization of Civil Engineering Systems, Technical Report, Belgrade: Faculty of Civil Engineering, 1998.
- [17] Serafim Opricovic and Gwo-Hshiung Tzeng. Compromise solution by MCDM methods: A comparative analysis of VIKOR and TOPSIS. European Journal of Operational Research, 156(2):445-455, 2004.
- [18] A. Ravi Ravindran, editor. Operations Research and Management Science Handbook. 2008.
- [19] Sören Salomo, JoachimWeise, and Hans Georg Gemunden. NPD planning activities and innovation performance: The mediating role of process management and the moderating effect of product innovativeness. Journal of Product Innovation Management, 24(4):285-302, 2007.
- [20] George M. Scott. Critical technology management issues of new product development in high-tech companies. Journal of Product Innovation Management, 17 (1):57-77, 2000.
- [21] T.J. Stewart. Dealing with uncertainties in MCDA. In J. Figueira, S. Greco, and M. Erghott, editors, Multiple Criteria Decision Analysis, State of the Art Surveys., pages 445-470. Springer Science + Business Media, 2005.
- [22] Paul Trott. Innovation management and new product development. Pearson Education, 2005.
- [23] J. Christopher Westland. Global Innovation Management. Palgrave, Macmillan, 2008.
- [24] Hung-Yi Wu, Jui-Kuei Chen, and I-Shuo Chen. Innovation capital indicator assessment of taiwanese universities: A hybrid fuzzy model application. Expert Systems with Applications, 37(2):1635-1642, 2010.
Typ dokumentu
Bibliografia
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