Project Selection Under Uncertainty: Dynamically Allocating Resources to Maximize Value

Project Selection Under Uncertainty is the result of a five-year research program on the selection of projects in New Product Development (NPD). Choosing the New Product Development portfolio is of critical importance in today's business environment. The NPD portfolio has considerable strategic effect on the "middle term" success of a business.

This book takes a step in developing a theory that addresses the need for quantitative prioritization criteria within the broader strategic context...