Models & Methods for Project Selection: Concepts from Management Science, Finance and Information Technology
Sunday, January 3rd, 2010
at
2:39 pm
Systematically examines in the latest work in the field of project selection modeling. The models presented are drawn from mathematical programming, decision theory, and finance. Describes the assumptions and limitations of each model and provides appropriate solution methodologies…. More >>
Tagged with: Concepts • Finance • from • Information • Management • Methods • Models • Project • Science • Selection • Technology
Models and Methods for Project Selection presents techniques to select projects according to multi-objective criteria (say return and risk) in deterministic and stochastic environments.
The books is well-written. The chapters are concise and build on top of one another. The book makes use of concepts from different fields. It introduces the concepts and explains the relationship between them clearly.
I’d like to point out that this is a theoretical book. Although algorithms and applications are presented, the book is of little direct use to project managers. It is targeted at researchers in the project management field. Also, the book assumes a certain familiarity with concepts from finance (e.g., net present value), utility theory and mathematical programming (e.g., simplex).
One strength of the book is the many references. I knew many of those but I still learned about new (to me) ones.
I recommend reading this book.
I thought this was a well written book. The models were explained simply, and with a logical progression. I got several ideas for a project I am working on – the original point of purchasing this book. I’d recommend it for anyone not experienced in this field.