Abstract
Original language | English |
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Number of pages | 17 |
Journal | Technologies |
Volume | 6 |
Issue number | 1 |
DOIs | |
Publication status | Published - 16 Mar 2018 |
Externally published | Yes |
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Bibliographical note
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution(CC BY) license (http://creativecommons.org/licenses/by/4.0/
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A Novel Hybrid Approach for Technology Selection in the Information Technology Industry. / Mokhtarzadeh, Nima; Amoozad Mahdiraji, Hannan; Beheshti, Moein; Zavadskas, Edmundas Kazimieras.
In: Technologies, Vol. 6, No. 1, 16.03.2018.Research output: Contribution to journal › Article
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TY - JOUR
T1 - A Novel Hybrid Approach for Technology Selection in the Information Technology Industry
AU - Mokhtarzadeh, Nima
AU - Amoozad Mahdiraji, Hannan
AU - Beheshti, Moein
AU - Zavadskas, Edmundas Kazimieras
N1 - This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/
PY - 2018/3/16
Y1 - 2018/3/16
N2 - High-tech companies are rapidly growing in the world. Research and development (hereafter R&D) department strength is the main asset that allows a firm to achieve a competitive advantage in high-tech businesses. The allocated budget to this sector is finite; thus, integration, human resource, risk and budget limitations should be considered to choose the most valuable project in the best portion of time. This paper investigates a case study from a high-tech company in Iran to prioritize the most attractive technologies for the R&D department. The case consists of twenty three technology options and the goal is to find the most attractive projects to sort them out for implementation in the R&D department. In this research, scholars proposed the best–worst method (henceforth BWM) to find the weight of the criteria of the attractive technologies in first step and utilize the newly developed method total area based on orthogonal vectors (henceforward TAOV) to sort the selected technologies based upon the identified criteria. Project integration is one of the least-noticed subjects in scientific papers; therefore, the researchers presented a zero or one linear programming (ZOLP) model to optimize and schedule the implementation procedure on the project risk, budget and time limitation simultaneously. The results indicate that starting few but attractive projects in the first years and postponing the rest to the future, helps a firm to manage funds and gain profit with the least amount of risk.
AB - High-tech companies are rapidly growing in the world. Research and development (hereafter R&D) department strength is the main asset that allows a firm to achieve a competitive advantage in high-tech businesses. The allocated budget to this sector is finite; thus, integration, human resource, risk and budget limitations should be considered to choose the most valuable project in the best portion of time. This paper investigates a case study from a high-tech company in Iran to prioritize the most attractive technologies for the R&D department. The case consists of twenty three technology options and the goal is to find the most attractive projects to sort them out for implementation in the R&D department. In this research, scholars proposed the best–worst method (henceforth BWM) to find the weight of the criteria of the attractive technologies in first step and utilize the newly developed method total area based on orthogonal vectors (henceforward TAOV) to sort the selected technologies based upon the identified criteria. Project integration is one of the least-noticed subjects in scientific papers; therefore, the researchers presented a zero or one linear programming (ZOLP) model to optimize and schedule the implementation procedure on the project risk, budget and time limitation simultaneously. The results indicate that starting few but attractive projects in the first years and postponing the rest to the future, helps a firm to manage funds and gain profit with the least amount of risk.
U2 - 10.3390/technologies6010034
DO - 10.3390/technologies6010034
M3 - Article
VL - 6
JO - Technologies
JF - Technologies
SN - 2227-7080
IS - 1
ER -