RESEARCH AND DEVELOPMENT PROJECT SELECTION: A COMPREHENSIVE ANALYSIS OF THE TRENDS AND METHODS

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Turkmen G. F., Topcu Y. İ.

SOUTH AFRICAN JOURNAL OF INDUSTRIAL ENGINEERING, vol.32, no.4, pp.28-43, 2021 (SCI-Expanded)

• Publication Type: Article / Article
• Volume: 32 Issue: 4
• Publication Date: 2021
• Doi Number: 10.7166/32-4-2452
• Journal Name: SOUTH AFRICAN JOURNAL OF INDUSTRIAL ENGINEERING
• Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, Compendex, Directory of Open Access Journals
• Page Numbers: pp.28-43
• Istanbul Technical University Affiliated: Yes

Abstract

The purpose of this paper is to present a comprehensive literature review of the research and development (R&D) project selection problem since 1977, using the PRISMA method. This study aims (i) to support researchers and practitioners to understand selection methodologies, decision-maker types, and perspectives; (ii) to guide them in choosing the most suitable project selection method; and (iii) to clarify a common confusion by proposing a more precise definition of 'R&D project selection' and 'R&D portfolio selection'. The study also highlights several areas for improvement and the future of project selection techniques for further studies.