A multi-objective model for project portfolio selection to implement lean and Six Sigma concepts

Lean and Six Sigma methodologies play an important role in the quality and cost driven world with high competition. In this paper, we develop a unique decision support system that utilizes a multi-objective formulation for project portfolio selection problem in manufacturing companies. The model can...

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Bibliographic Details
Published in:International journal of production research 2008-12, Vol.46 (23), p.6611-6625
Main Authors: Hu, G., Wang, L., Fetch, S., Bidanda, B.
Format: Article
Language:English
Subjects:
Decision support system
Lean and Six Sigma
Lean manufacturing
Manufacturers
Multi-objective formulation
Multiple criteria decision making
Project portfolio selection
Six Sigma
Studies
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Summary:Lean and Six Sigma methodologies play an important role in the quality and cost driven world with high competition. In this paper, we develop a unique decision support system that utilizes a multi-objective formulation for project portfolio selection problem in manufacturing companies. The model can be used to effectively implement Lean and Six Sigma concepts. An industrial case study that utilizes this model for implementing the Lean and Six Sigma initiatives is also presented.
ISSN:0020-7543
1366-588X
DOI:10.1080/00207540802230363