A packing-multiple-boxes model for R&D project selection and scheduling

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journal

39 Scopus Citations
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Author(s)

Detail(s)

Original languageEnglish
Pages (from-to)1355-1361
Journal / PublicationTechnovation
Volume25
Issue number11
Publication statusPublished - Nov 2005

Abstract

R&D project selection has been a popular research topic since the 1960s, but the scheduling issue has rarely been considered in such research. This paper records the development and application of a heuristic packing-multiple-boxes (PMB, or multi-knapsacks-model) model, which is based on the packing-single-box (PSB) model. The PMB model can be used for both selecting and scheduling candidate R&D projects. The model was established at the request of a case company that conducts up to 20 large R&D projects simultaneously. The example of using this model at the case company for a five-year planning period is provided. Although the model may not be a optimistic one, it provides one solution to solve this problem. © 2004 Elsevier Ltd. All rights reserved.

Research Area(s)

  • 0-1 integer programming, Packing-multiple-boxes model, R&D project selection, Scheduling