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    Investment cost optimization for industrial project portfolios using technology mining

    , Article Technological Forecasting and Social Change ; Volume 138 , 2019 , Pages 243-253 ; 00401625 (ISSN) Azimi, S ; Rahmani, R ; Fateh rad, M ; Sharif University of Technology
    Elsevier Inc  2019
    Abstract
    Large technology-intensive enterprises and companies face a constant challenge: How can a set of selected high-tech projects get done in a manner that would minimize the total cost across all projects? In majority of cases, projects are assumed independent, leading to a separate cost evaluation. This assumption often does not hold for real-world project portfolios, frequently sharing overlapping technologies. In this paper, we show how the order of the execution of the projects can directly affect the total cost of the portfolio, due to shared dependencies. Modeling the problems in this area can be achieved by combining two main fields: graph theory and technology mining. A novel method is...