IT/IS project selection: A grey multi-criteria decision model approach

Author

Hou, Guoqing

Author_Institution

Institute of Economics & Management Inner Mongolia Agricultural University Inner Mongolia, China

fYear

2011

Firstpage

1

Lastpage

4

Abstract

IT/IS (information technology/information system)represents a substantial financial investment for many enterprises. Then, to select a suitable IT/IS becomes important and difficult. How can a new IT/IS project be selected in an easy, cost-effective, and collective manner? We need a tool that will help decision-makers select potential new IT/IS projects. Generally, IT/IS project selection is a multi-criteria decision-making (MCDM) problem. Hence, we propose a new method based on the grey MCDM. Grey theory is one of the methods used to study uncertainty, being superior in the mathematical analysis of systems with uncertain information. Then, the paper aims to extend the TOPSIS with grey theory. We conduct a case study to show how this method can be used and discuss the results.

Keywords

Decision making; Europe; Information systems; Pragmatics; Silicon; Uncertainty; Utility theory; IT/IS project selection; TOPSIS; grey relational grade; interval grey number; multi-attribute decision-making;

fLanguage

English

Publisher

ieee

Conference_Titel

E -Business and E -Government (ICEE), 2011 International Conference on

Conference_Location

Shanghai, China

Print_ISBN

978-1-4244-8691-5

Type

conf

DOI

10.1109/ICEBEG.2011.5881803

Filename

5881803