<abstract xmlns="http://www.w3.org/1999/xhtml"><p> 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 conicting 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. </p></abstract>

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 conicting 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.

Scenario Planning + MCDA Procedure For Innovation Selection Problem

University of Economics in Katowice ul. 1 Maja 50, 40-287 Katowice, Poland

Foundations of Computing and Decision Sciences

{"article-title":"Scenario Planning + MCDA Procedure For Innovation Selection Problem"}

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...

Scenario Planning + MCDA Procedure For Innovation Selection Problem

Published Online: Sep 27, 2013

Page range: 207 - 220

DOI: https://doi.org/10.2478/fcds-2013-0010

Keywords
innovation management, multiple criteria decision analysis, scenario planning, uncertainty, VIKOR, VIKOR-S

This content is open access.

Scenario Planning + MCDA Procedure For Innovation Selection Problem

Published Online: Sep 27, 2013

Page range: 207 - 220

DOI: https://doi.org/10.2478/fcds-2013-0010

Keywordsinnovation management, multiple criteria decision analysis, scenario planning, uncertainty, VIKOR, VIKOR-S

This content is open access.

Keywords
innovation management, multiple criteria decision analysis, scenario planning, uncertainty, VIKOR, VIKOR-S