1. Study on the funds allocation of R&D projects base on fuzzy random programming
- Author
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Yuyun Huang, Rufei Ma, and Laixin Liang
- Subjects
Financial management ,Operations research ,business.industry ,Management science ,Fuzzy set ,Economics ,Profitability index ,Expected value ,Project management ,Fuzzy random programming ,business ,Fuzzy logic ,Profit (economics) - 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.
- Published
- 2007
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