Selecting Project Portfolios by Optimizing Simulations

@inproceedings{Better2006SelectingPP,
  title={Selecting Project Portfolios by Optimizing Simulations},
  author={Marco Better},
  year={2006}
}
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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