DocumentCode :
1224121
Title :
Analytic hierarchy process with fuzzy scoring in evaluating multidisciplinary R&D projects in China
Author :
Kangmao Wang ; Wang, Clement K. ; Hu, Chun
Author_Institution :
Dept. of Finance, East China Univ. of Politics & Law, Shanghai, China
Volume :
52
Issue :
1
fYear :
2005
Firstpage :
119
Lastpage :
129
Abstract :
A system for evaluating the outcomes of multidisciplinary R&D projects was developed in China by using the analytic hierarchy process (AHP) model. The AHP framework was structured as a "vertical" AHP with "horizontal" fuzzy scoring. Original inputs for the index system were elicited from a survey of expert evaluators on a national level. The AHP-based system was then applied by the Chinese Ministry of Science and Technology to evaluate a large number of completed R&D projects from multiple fields. The new R&D evaluation system reduced the heavy workload for experts and government agencies, significantly enhanced the efficiency and quality of the award process, and made the evaluation process transparent and fair. In addition, the new evaluation system was user-friendly and fully computerized, an important attribute required for widespread usage. Although the system was initially developed for R&D project evaluation, it can be extended to evaluations in other fields such as investment selection in venture capital and in corporate capital budgeting.
Keywords :
decision making; project management; research and development; AHP; Chinese Ministry of Science and Technology; R&D evaluation system; R&D projects; corporate capital budgeting; evaluation process; expert evaluators; government agency; horizontal fuzzy scoring; index system; investment; research and development; user-friendly; venture capital; vertical analytic hierarchy process; Decision making; Economic forecasting; Educational technology; Finance; Government; Investments; Power generation economics; Project management; Research and development; Venture capital;
fLanguage :
English
Journal_Title :
Engineering Management, IEEE Transactions on
Publisher :
ieee
ISSN :
0018-9391
Type :
jour
DOI :
10.1109/TEM.2004.839964
Filename :
1388702
Link To Document :
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