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Application Of Ict Ii: Analytic Network Process Applied To R&D Project Selection, Murad Habib, Raza Khan, Javaid L. Piracha

International Conference on Information and Communication Technologies

Research and development (R&D) project selection is a complex decision-making process. Risks and uncertainties are also associated with the investments and returns of R&D projects. This research paper illustrates an application of ANP (analytic network process). The analytic network process (ANP) is presented as a potentially valuable method to support the selection of projects in a research and development (R&D) environment. The AHP (analytic hierarchy process) is employed to break down large unstructured decision problems into manageable and measurable components. The ANP, as the general form of AHP, is powerful to deal with complex decisions where interdependence exists in a …