Selecting Project Portfolios by Optimizing Simulations
New advances in the area of simulation optimization allow managers to go beyond traditional ranking rules, CAPM, and real options analysis in order to select optimal sets of projects to fund. Furthermore, these advances make use of portfolio performance measures and goals that can be defined to directly relate to corporate strategy and are easy to communicate and understand. We present a real-world example to illustrate this methodology.
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Document Type: Research Article
Affiliations: 1: Leeds School of Business, University of Colorado at Boulder, Boulder, Colorado, USA 2: University of Colorado and OptTek Systems, Inc., Boulder, Colorado, USA
Publication date: April 1, 2006