Research Article

Selecting Large Portfolios of Social Projects in Public Organizations

Table 2

Specific characteristics.

PaperBalance constraintsTasksInterdependenciesSchedulingRisk

Ghasemzadeh and Archer, 2000 [18]NoNoGeneralMultiple periodsAs an attribute of portfolio

Stummer and Heidenberger, 2003 [4]NoNoBenefit, increment, or decrement in resources consumptionMultiple periodsNo

Wang and Hwang, 2007 [6]NoNoNoSingle periodRisk aversion

Gutjahr et al., 2008 [7]NoYesNoMultiple periodsNo

Carazo et al., 2010 [5]NoNoBenefit, increment, or decrement in resources consumptionMultiple periodsAs an attribute in portfolio

Gutjahr et al., 2010 [8]NoYesNoMultiple periodsNo

Litvinchev et al., 2010 [15]NoNoNoSingle periodNeutral position

Litvinchev et al., 2011 [16]YesYesBenefit, increment, or decrement in resources consumptionSingle periodNeutral position

Gutjahr and Froeschl, 2013 [9]NoYesYesMultiple periodsRisk aversion by penalizing the variance of the return