A New Integrative Approach Based on Balanced Scorecard, Data Envelopment Analysis, and Management Performance to Prioritize Research and Development Projects

A New Integrative Approach Based on Balanced Scorecard, Data Envelopment Analysis, and Management Performance to Prioritize Research and Development Projects

Salaman Abbasian-Naghneh, Mahboobeh Samiei, Marziyeh Felahat, Marziyeh Mahdavi
ISBN13: 9781466644748|ISBN10: 1466644745|EISBN13: 9781466644755
DOI: 10.4018/978-1-4666-4474-8.ch007
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MLA

Abbasian-Naghneh, Salaman, et al. "A New Integrative Approach Based on Balanced Scorecard, Data Envelopment Analysis, and Management Performance to Prioritize Research and Development Projects." Handbook of Research on Strategic Performance Management and Measurement Using Data Envelopment Analysis, edited by Ibrahim H. Osman, et al., IGI Global, 2014, pp. 324-348. https://doi.org/10.4018/978-1-4666-4474-8.ch007

APA

Abbasian-Naghneh, S., Samiei, M., Felahat, M., & Mahdavi, M. (2014). A New Integrative Approach Based on Balanced Scorecard, Data Envelopment Analysis, and Management Performance to Prioritize Research and Development Projects. In I. Osman, A. Anouze, & A. Emrouznejad (Eds.), Handbook of Research on Strategic Performance Management and Measurement Using Data Envelopment Analysis (pp. 324-348). IGI Global. https://doi.org/10.4018/978-1-4666-4474-8.ch007

Chicago

Abbasian-Naghneh, Salaman, et al. "A New Integrative Approach Based on Balanced Scorecard, Data Envelopment Analysis, and Management Performance to Prioritize Research and Development Projects." In Handbook of Research on Strategic Performance Management and Measurement Using Data Envelopment Analysis, edited by Ibrahim H. Osman, Abdel Latef Anouze, and Ali Emrouznejad, 324-348. Hershey, PA: IGI Global, 2014. https://doi.org/10.4018/978-1-4666-4474-8.ch007

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Abstract

The objective of this chapter is to propose a new approach for evaluating Research and Development (R&D) projects at different stages of their life cycle. The approach is based on the integration of the balanced scorecard, Data Envelopment Analysis (DEA), and Multiple Objective (MO) linear programming. An interactive MO-DEA model is presented to incorporate Decision Maker's (DM) preference to effectively establish a common basis for fully ranking projects. The approach is illustrated on 50 R&D projects from the literature to highlight the effectiveness of the approach to fully rank all competing projects, hence increasing the discrimination power of DEA approach.

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