---
_id: '53232'
abstract:
- lang: eng
  text: '<jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>New
    business practices and the globalization of markets force firms to take innovation
    as the fundamental pillar of their competitive strategy. Research and Development
    (R&amp;D) plays a vital role in innovation. As technology advances and product
    life cycles become shorter, firms rely on R&amp;D as a strategy to invigorate
    innovation. R&amp;D project portfolio selection is a complex and challenging task.
    Despite the management''s efforts to implement the best project portfolio selection
    practices, many projects continue to fail or miss their target. The problem is
    that selecting R&amp;D projects requires a deep understanding of strategic vision
    and technical capabilities. However, many decision-makers lack technological insight
    or strategic vision. This article aims to provide a method to capitalize on the
    expertise of R&amp;D professionals to assist managers in making informed and effective
    decisions. It also provides a framework for aligning the portfolio of R&amp;D
    projects with the organizational vision and mission.</jats:p></jats:sec><jats:sec><jats:title
    content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>This
    article proposes a new strategic approach for R&amp;D project portfolio selection
    using efficiency-uncertainty maps.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Findings</jats:title><jats:p>The
    proposed strategy plane helps decision-makers align R&amp;D project portfolios
    with their strategies to combine a strategic view and numerical analysis in this
    research. The proposed strategy plane consists of four areas: Exploitation Zone,
    Challenge Zone, Desperation Zone and Discretion Zone. Mapping the project into
    this strategic plane would help decision-makers align their project portfolio
    according to the corporate perspectives.</jats:p></jats:sec><jats:sec><jats:title
    content-type="abstract-subheading">Originality/value</jats:title><jats:p>The new
    approach combines the efficiency and uncertainty dimensions in portfolio selection
    into an integrated framework that: (i) provides a complete representation of the
    stochastic decision-making processes, (ii) models the endogenous uncertainty inherent
    in the project selection process and (iii) proposes a computationally practical
    and visually unique solution procedure for classifying desirable and undesirable
    R&amp;D projects.</jats:p></jats:sec>'
author:
- first_name: Mehdi
  full_name: Namazi, Mehdi
  last_name: Namazi
- first_name: Madjid
  full_name: Tavana, Madjid
  id: '31858'
  last_name: Tavana
- first_name: Emran
  full_name: Mohammadi, Emran
  last_name: Mohammadi
- first_name: Ali
  full_name: Bonyadi Naeini, Ali
  last_name: Bonyadi Naeini
citation:
  ama: 'Namazi M, Tavana M, Mohammadi E, Bonyadi Naeini A. A new strategic approach
    for R&#38;D project portfolio selection using efficiency-uncertainty maps. <i>Benchmarking:
    An International Journal</i>. 2023;30(10):4193-4220. doi:<a href="https://doi.org/10.1108/bij-02-2022-0129">10.1108/bij-02-2022-0129</a>'
  apa: 'Namazi, M., Tavana, M., Mohammadi, E., &#38; Bonyadi Naeini, A. (2023). A
    new strategic approach for R&#38;D project portfolio selection using efficiency-uncertainty
    maps. <i>Benchmarking: An International Journal</i>, <i>30</i>(10), 4193–4220.
    <a href="https://doi.org/10.1108/bij-02-2022-0129">https://doi.org/10.1108/bij-02-2022-0129</a>'
  bibtex: '@article{Namazi_Tavana_Mohammadi_Bonyadi Naeini_2023, title={A new strategic
    approach for R&#38;D project portfolio selection using efficiency-uncertainty
    maps}, volume={30}, DOI={<a href="https://doi.org/10.1108/bij-02-2022-0129">10.1108/bij-02-2022-0129</a>},
    number={10}, journal={Benchmarking: An International Journal}, publisher={Emerald},
    author={Namazi, Mehdi and Tavana, Madjid and Mohammadi, Emran and Bonyadi Naeini,
    Ali}, year={2023}, pages={4193–4220} }'
  chicago: 'Namazi, Mehdi, Madjid Tavana, Emran Mohammadi, and Ali Bonyadi Naeini.
    “A New Strategic Approach for R&#38;D Project Portfolio Selection Using Efficiency-Uncertainty
    Maps.” <i>Benchmarking: An International Journal</i> 30, no. 10 (2023): 4193–4220.
    <a href="https://doi.org/10.1108/bij-02-2022-0129">https://doi.org/10.1108/bij-02-2022-0129</a>.'
  ieee: 'M. Namazi, M. Tavana, E. Mohammadi, and A. Bonyadi Naeini, “A new strategic
    approach for R&#38;D project portfolio selection using efficiency-uncertainty
    maps,” <i>Benchmarking: An International Journal</i>, vol. 30, no. 10, pp. 4193–4220,
    2023, doi: <a href="https://doi.org/10.1108/bij-02-2022-0129">10.1108/bij-02-2022-0129</a>.'
  mla: 'Namazi, Mehdi, et al. “A New Strategic Approach for R&#38;D Project Portfolio
    Selection Using Efficiency-Uncertainty Maps.” <i>Benchmarking: An International
    Journal</i>, vol. 30, no. 10, Emerald, 2023, pp. 4193–220, doi:<a href="https://doi.org/10.1108/bij-02-2022-0129">10.1108/bij-02-2022-0129</a>.'
  short: 'M. Namazi, M. Tavana, E. Mohammadi, A. Bonyadi Naeini, Benchmarking: An
    International Journal 30 (2023) 4193–4220.'
date_created: 2024-04-04T14:03:24Z
date_updated: 2024-05-28T09:31:36Z
department:
- _id: '277'
doi: 10.1108/bij-02-2022-0129
intvolume: '        30'
issue: '10'
keyword:
- Business and International Management
- Strategy and Management
language:
- iso: eng
page: 4193-4220
publication: 'Benchmarking: An International Journal'
publication_identifier:
  issn:
  - 1463-5771
publication_status: published
publisher: Emerald
status: public
title: A new strategic approach for R&D project portfolio selection using efficiency-uncertainty
  maps
type: journal_article
user_id: '51811'
volume: 30
year: '2023'
...
---
_id: '53904'
author:
- first_name: Mohamad Amin
  full_name: Kaviani, Mohamad Amin
  last_name: Kaviani
- first_name: Madjid
  full_name: Tavana, Madjid
  id: '31858'
  last_name: Tavana
- first_name: Fatemeh
  full_name: Kowsari, Fatemeh
  last_name: Kowsari
- first_name: Roghayeh
  full_name: Rezapour, Roghayeh
  last_name: Rezapour
citation:
  ama: 'Kaviani MA, Tavana M, Kowsari F, Rezapour R. Supply chain resilience: a benchmarking
    model for vulnerability and capability assessment in the automotive industry.
    <i>Benchmarking: An International Journal</i>. 2020;27(6):1929-1949. doi:<a href="https://doi.org/10.1108/bij-01-2020-0049">10.1108/bij-01-2020-0049</a>'
  apa: 'Kaviani, M. A., Tavana, M., Kowsari, F., &#38; Rezapour, R. (2020). Supply
    chain resilience: a benchmarking model for vulnerability and capability assessment
    in the automotive industry. <i>Benchmarking: An International Journal</i>, <i>27</i>(6),
    1929–1949. <a href="https://doi.org/10.1108/bij-01-2020-0049">https://doi.org/10.1108/bij-01-2020-0049</a>'
  bibtex: '@article{Kaviani_Tavana_Kowsari_Rezapour_2020, title={Supply chain resilience:
    a benchmarking model for vulnerability and capability assessment in the automotive
    industry}, volume={27}, DOI={<a href="https://doi.org/10.1108/bij-01-2020-0049">10.1108/bij-01-2020-0049</a>},
    number={6}, journal={Benchmarking: An International Journal}, publisher={Emerald},
    author={Kaviani, Mohamad Amin and Tavana, Madjid and Kowsari, Fatemeh and Rezapour,
    Roghayeh}, year={2020}, pages={1929–1949} }'
  chicago: 'Kaviani, Mohamad Amin, Madjid Tavana, Fatemeh Kowsari, and Roghayeh Rezapour.
    “Supply Chain Resilience: A Benchmarking Model for Vulnerability and Capability
    Assessment in the Automotive Industry.” <i>Benchmarking: An International Journal</i>
    27, no. 6 (2020): 1929–49. <a href="https://doi.org/10.1108/bij-01-2020-0049">https://doi.org/10.1108/bij-01-2020-0049</a>.'
  ieee: 'M. A. Kaviani, M. Tavana, F. Kowsari, and R. Rezapour, “Supply chain resilience:
    a benchmarking model for vulnerability and capability assessment in the automotive
    industry,” <i>Benchmarking: An International Journal</i>, vol. 27, no. 6, pp.
    1929–1949, 2020, doi: <a href="https://doi.org/10.1108/bij-01-2020-0049">10.1108/bij-01-2020-0049</a>.'
  mla: 'Kaviani, Mohamad Amin, et al. “Supply Chain Resilience: A Benchmarking Model
    for Vulnerability and Capability Assessment in the Automotive Industry.” <i>Benchmarking:
    An International Journal</i>, vol. 27, no. 6, Emerald, 2020, pp. 1929–49, doi:<a
    href="https://doi.org/10.1108/bij-01-2020-0049">10.1108/bij-01-2020-0049</a>.'
  short: 'M.A. Kaviani, M. Tavana, F. Kowsari, R. Rezapour, Benchmarking: An International
    Journal 27 (2020) 1929–1949.'
date_created: 2024-05-04T15:54:26Z
date_updated: 2024-05-04T15:56:56Z
department:
- _id: '277'
doi: 10.1108/bij-01-2020-0049
intvolume: '        27'
issue: '6'
language:
- iso: eng
page: 1929-1949
publication: 'Benchmarking: An International Journal'
publication_identifier:
  issn:
  - 1463-5771
publication_status: published
publisher: Emerald
status: public
title: 'Supply chain resilience: a benchmarking model for vulnerability and capability
  assessment in the automotive industry'
type: journal_article
user_id: '51811'
volume: 27
year: '2020'
...
---
_id: '53901'
author:
- first_name: Madjid
  full_name: Tavana, Madjid
  id: '31858'
  last_name: Tavana
- first_name: Vahid
  full_name: Hajipour, Vahid
  last_name: Hajipour
citation:
  ama: 'Tavana M, Hajipour V. A practical review and taxonomy of fuzzy expert systems:
    methods and applications. <i>Benchmarking: An International Journal</i>. 2020;27(1):81-136.
    doi:<a href="https://doi.org/10.1108/bij-04-2019-0178">10.1108/bij-04-2019-0178</a>'
  apa: 'Tavana, M., &#38; Hajipour, V. (2020). A practical review and taxonomy of
    fuzzy expert systems: methods and applications. <i>Benchmarking: An International
    Journal</i>, <i>27</i>(1), 81–136. <a href="https://doi.org/10.1108/bij-04-2019-0178">https://doi.org/10.1108/bij-04-2019-0178</a>'
  bibtex: '@article{Tavana_Hajipour_2020, title={A practical review and taxonomy of
    fuzzy expert systems: methods and applications}, volume={27}, DOI={<a href="https://doi.org/10.1108/bij-04-2019-0178">10.1108/bij-04-2019-0178</a>},
    number={1}, journal={Benchmarking: An International Journal}, publisher={Emerald},
    author={Tavana, Madjid and Hajipour, Vahid}, year={2020}, pages={81–136} }'
  chicago: 'Tavana, Madjid, and Vahid Hajipour. “A Practical Review and Taxonomy of
    Fuzzy Expert Systems: Methods and Applications.” <i>Benchmarking: An International
    Journal</i> 27, no. 1 (2020): 81–136. <a href="https://doi.org/10.1108/bij-04-2019-0178">https://doi.org/10.1108/bij-04-2019-0178</a>.'
  ieee: 'M. Tavana and V. Hajipour, “A practical review and taxonomy of fuzzy expert
    systems: methods and applications,” <i>Benchmarking: An International Journal</i>,
    vol. 27, no. 1, pp. 81–136, 2020, doi: <a href="https://doi.org/10.1108/bij-04-2019-0178">10.1108/bij-04-2019-0178</a>.'
  mla: 'Tavana, Madjid, and Vahid Hajipour. “A Practical Review and Taxonomy of Fuzzy
    Expert Systems: Methods and Applications.” <i>Benchmarking: An International Journal</i>,
    vol. 27, no. 1, Emerald, 2020, pp. 81–136, doi:<a href="https://doi.org/10.1108/bij-04-2019-0178">10.1108/bij-04-2019-0178</a>.'
  short: 'M. Tavana, V. Hajipour, Benchmarking: An International Journal 27 (2020)
    81–136.'
date_created: 2024-05-04T15:51:45Z
date_updated: 2024-05-04T15:57:03Z
department:
- _id: '277'
doi: 10.1108/bij-04-2019-0178
intvolume: '        27'
issue: '1'
language:
- iso: eng
page: 81-136
publication: 'Benchmarking: An International Journal'
publication_identifier:
  issn:
  - 1463-5771
publication_status: published
publisher: Emerald
status: public
title: 'A practical review and taxonomy of fuzzy expert systems: methods and applications'
type: journal_article
user_id: '51811'
volume: 27
year: '2020'
...
---
_id: '54175'
author:
- first_name: Debora
  full_name: Di Caprio, Debora
  last_name: Di Caprio
- first_name: Francisco J.
  full_name: Santos-Arteaga, Francisco J.
  last_name: Santos-Arteaga
- first_name: Madjid
  full_name: Tavana, Madjid
  id: '31858'
  last_name: Tavana
citation:
  ama: 'Di Caprio D, Santos-Arteaga FJ, Tavana M. An optimal sequential information
    acquisition model subject to a heuristic assimilation constraint. <i>Benchmarking:
    An International Journal</i>. 2016;23(4):937-982. doi:<a href="https://doi.org/10.1108/bij-01-2014-0008">10.1108/bij-01-2014-0008</a>'
  apa: 'Di Caprio, D., Santos-Arteaga, F. J., &#38; Tavana, M. (2016). An optimal
    sequential information acquisition model subject to a heuristic assimilation constraint.
    <i>Benchmarking: An International Journal</i>, <i>23</i>(4), 937–982. <a href="https://doi.org/10.1108/bij-01-2014-0008">https://doi.org/10.1108/bij-01-2014-0008</a>'
  bibtex: '@article{Di Caprio_Santos-Arteaga_Tavana_2016, title={An optimal sequential
    information acquisition model subject to a heuristic assimilation constraint},
    volume={23}, DOI={<a href="https://doi.org/10.1108/bij-01-2014-0008">10.1108/bij-01-2014-0008</a>},
    number={4}, journal={Benchmarking: An International Journal}, publisher={Emerald},
    author={Di Caprio, Debora and Santos-Arteaga, Francisco J. and Tavana, Madjid},
    year={2016}, pages={937–982} }'
  chicago: 'Di Caprio, Debora, Francisco J. Santos-Arteaga, and Madjid Tavana. “An
    Optimal Sequential Information Acquisition Model Subject to a Heuristic Assimilation
    Constraint.” <i>Benchmarking: An International Journal</i> 23, no. 4 (2016): 937–82.
    <a href="https://doi.org/10.1108/bij-01-2014-0008">https://doi.org/10.1108/bij-01-2014-0008</a>.'
  ieee: 'D. Di Caprio, F. J. Santos-Arteaga, and M. Tavana, “An optimal sequential
    information acquisition model subject to a heuristic assimilation constraint,”
    <i>Benchmarking: An International Journal</i>, vol. 23, no. 4, pp. 937–982, 2016,
    doi: <a href="https://doi.org/10.1108/bij-01-2014-0008">10.1108/bij-01-2014-0008</a>.'
  mla: 'Di Caprio, Debora, et al. “An Optimal Sequential Information Acquisition Model
    Subject to a Heuristic Assimilation Constraint.” <i>Benchmarking: An International
    Journal</i>, vol. 23, no. 4, Emerald, 2016, pp. 937–82, doi:<a href="https://doi.org/10.1108/bij-01-2014-0008">10.1108/bij-01-2014-0008</a>.'
  short: 'D. Di Caprio, F.J. Santos-Arteaga, M. Tavana, Benchmarking: An International
    Journal 23 (2016) 937–982.'
date_created: 2024-05-11T11:46:13Z
date_updated: 2024-05-11T11:51:54Z
department:
- _id: '277'
doi: 10.1108/bij-01-2014-0008
intvolume: '        23'
issue: '4'
language:
- iso: eng
page: 937-982
publication: 'Benchmarking: An International Journal'
publication_identifier:
  issn:
  - 1463-5771
publication_status: published
publisher: Emerald
status: public
title: An optimal sequential information acquisition model subject to a heuristic
  assimilation constraint
type: journal_article
user_id: '51811'
volume: 23
year: '2016'
...