A Hybrid Grey Based KOHONEN Model and Biogeography-Based Optimization for Project Portfolio Selection

Table 1

A summary of the previous studies on project portfolio selection.

Number	Decision model/method	Decision problem	Decision conditions	Researcher(s)
1	AHP-BLP	IT deployment project in Tebyan	Nondeterministic	Rahmani et al., 2012 [12]
2	AHP-TOPSIS	Locating project of National Oil Company	Deterministic	Amiri, 2010 [13]
3	AHP	Indian oil pipelines	Deterministic	Dey, 2006 [14]
4	ANP-AHP	Construction project of solar plant	Deterministic	Aragonés-Beltrán et al., 2010 [15]
5	ANP-GP	Information system development project	Deterministic	Wang et al., 2009 [16]
6	ANP	Turkey’s highway project	Deterministic	Dikmen et al., 2007 [17]
7	GP-TOPSIS	Indefinite-life projects	Deterministic	Khalili-Damghani and Sadi-Nezhad, 2013 [18]
8	AHP-VIKOR	New energy projects	Deterministic	San Cristóbal, 2011 [19]
9	Fuzzy ELECTRE	Project portfolio selection	Fuzzy	Daneshvar Rouyendegh and Erol, 2012 [20]
10	SIMULATION PROMETHEE	Project portfolio selection	Nondeterministic	Shakhsi-Niaei et al., 2011 [21]
11	Fuzzy DEA	Construction industry portfolio project	Fuzzy	Chang and Lee, 2012 [22]
12	SD	Analysis of risk dynamics of project	Deterministic	Liu and Ye, 2010 [23]
13	ABS	Project selection with limited resources	Deterministic	Araúzo et al., 2010 [24]
14	ABS	German energy market portfolioselection	Deterministic	Biernatzki et al., 2004 [25]
15	Grey Relational Analysis	Investment project selection	Deterministic	Zhang, 2012 [26]
16	FAHP-FTOPSIS	Project portfolio selection	Fuzzy	Mohaghar et al., 2012 [27]
17	PROMETHEE C-Optimal	Project portfolio selection	Deterministic	Vetschera and de Almeida, 2012 [28]