Title :
Study on the funds allocation of R&D projects base on fuzzy random programming
Author :
Liang, Laixin ; Ma, Rufei ; Huang, Yuyun
Author_Institution :
Central South Univ., Changsha
Abstract :
Different with ordinary projects, R&D project is uncertain both in profit and in the possibility of success. Under this uncertainty, it is a difficulty for enterprises to allocate resource to maximize the expected profit. In view of this fact, this paper introduce a the logical growth function of the R&D project success probability, and integrate it with the uncertainty of profit, develop a fuzzy random expected value models to solve the difficulty of resource allocation in R&D project. At last, a heredity algorithm is designed in order to solve the fuzzy random expected value models.
Keywords :
financial management; fuzzy set theory; profitability; project management; research and development; resource allocation; R&D projects; funds allocation; fuzzy random programming; profit; resource allocation; Algorithm design and analysis; Financial management; Fuzzy logic; Fuzzy sets; Mathematical programming; Portfolios; Research and development; Research and development management; Resource management; Uncertainty; Fuzzy random programming; Heredity algorithm; R&D project;
Conference_Titel :
Industrial Engineering and Engineering Management, 2007 IEEE International Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4244-1529-8
Electronic_ISBN :
978-1-4244-1529-8
DOI :
10.1109/IEEM.2007.4419354