Volume 15, Issue 4, May 2016, Pages 737–742
Miriam Peña González1, Cesar Gabriel Barrionuevo De La Rosa2, and Francisco José Cedeño Moran3
1 Facultad de Ciencias Matemáticas y Físicas, Universidad de Guayaquil, Guayaquil, Guayas, Ecuador
2 Facultad de Ciencias Administrativas, Universidad de Guayaquil, Guayaquil, Guayas, Ecuador
3 Facultad de Ciencias Administrativas, Universidad de Guayaquil, Guayaquil, Guayas, Ecuador
Original language: English
Copyright © 2016 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Project interdependency modeling and analysis have has been ignored in project portfolio management. There are five types of project portfolio interdependencies: benefit, risk, outcome, schedule and resources. In the case of risks interdependencies a positive or negative correlation of risks occurs provoking risk diversification or amplification effects. In this work project portfolio risk interdependencies are modeled using the computing with word (CWW) paradigm. We propose a new method for modeling project portfolio interdependencies, and specially risks interdependencies, using the 2-tuples linguistic model and fuzzy cognitive maps. This proposal has many advantages for dealing with linguistic information making simpler the elicitation of knowledge from experts. Building a 2-tuple fuzzy cognitive map follows an approach more similar to human reasoning and the human decision making process. An illustrative example showed the applicability of the proposal. The paper ends with recommendation of future works that will concentrate on three objectives.
Author Keywords: fuzzy cognitive maps, computing with words, project portfolio interdependencies, risks interdependencies.
Miriam Peña González1, Cesar Gabriel Barrionuevo De La Rosa2, and Francisco José Cedeño Moran3
1 Facultad de Ciencias Matemáticas y Físicas, Universidad de Guayaquil, Guayaquil, Guayas, Ecuador
2 Facultad de Ciencias Administrativas, Universidad de Guayaquil, Guayaquil, Guayas, Ecuador
3 Facultad de Ciencias Administrativas, Universidad de Guayaquil, Guayaquil, Guayas, Ecuador
Original language: English
Copyright © 2016 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
Project interdependency modeling and analysis have has been ignored in project portfolio management. There are five types of project portfolio interdependencies: benefit, risk, outcome, schedule and resources. In the case of risks interdependencies a positive or negative correlation of risks occurs provoking risk diversification or amplification effects. In this work project portfolio risk interdependencies are modeled using the computing with word (CWW) paradigm. We propose a new method for modeling project portfolio interdependencies, and specially risks interdependencies, using the 2-tuples linguistic model and fuzzy cognitive maps. This proposal has many advantages for dealing with linguistic information making simpler the elicitation of knowledge from experts. Building a 2-tuple fuzzy cognitive map follows an approach more similar to human reasoning and the human decision making process. An illustrative example showed the applicability of the proposal. The paper ends with recommendation of future works that will concentrate on three objectives.
Author Keywords: fuzzy cognitive maps, computing with words, project portfolio interdependencies, risks interdependencies.
How to Cite this Article
Miriam Peña González, Cesar Gabriel Barrionuevo De La Rosa, and Francisco José Cedeño Moran, “Fuzzy cognitive maps and computing with words for modeling project portfolio risks interdependencies,” International Journal of Innovation and Applied Studies, vol. 15, no. 4, pp. 737–742, May 2016.
