Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14365/862
Title: An interactive algorithm for resource allocation with balance concerns
Authors: Özpeynirci, Selin
Özpeynirci, Özgür
Mousseau, Vincent
Keywords: Resource allocation
Balance distribution
Portfolio decision analysis
Interactive algorithm
Research-And-Development
Decision-Support System
Portfolio Selection
Information
Publisher: Springer
Abstract: We consider a resource allocation problem where a decision maker (DM) is to distribute a certain budget among alternative projects in order to create the best portfolio. The DM aims to generate a portfolio with (1) a high return and (2) a balanced distribution of resources among categories. We assume that the DM has a quasiconcave value function and provides no explicit value for the target distribution of resources over categories. We develop an interactive approach that requires the DM to make pairwise comparisons among alternative portfolios. We present the developed approach on an illustrative example and conduct an extensive computational experiment. In majority of the instances, the incumbent solution proposed by the algorithm is either equal or very close to the best solution.
URI: https://doi.org/10.1007/s00291-021-00632-1
https://hdl.handle.net/20.500.14365/862
ISSN: 0171-6468
1436-6304
Appears in Collections:Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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