Comparison between Regression Analysis and Artificial Neural Network in Project Selection

被引:0
作者
Olanrewaju, O. A. [1 ]
Jimoh, A. A. [1 ]
Kholopane, P. A. [2 ]
机构
[1] Tshwane Univ Technol, Dept Ind Engn, Pretoria, South Africa
[2] Univ Johannesburg, Dept Ind Engn, Johannesburg, South Africa
来源
2011 IEEE INTERNATIONAL CONFERENCE ON INDUSTRIAL ENGINEERING AND ENGINEERING MANAGEMENT (IEEM) | 2011年
关键词
Project selection; regression analysis; artificial neural network; DATA ENVELOPMENT ANALYSIS;
D O I
暂无
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
A common problem faced by managers is that of project selection, to decide which project out of the lots should be undertaken. This paper aims at comparing results of the application of two approaches - respectively regression analysis, a parametric method and artificial neural network, a non-parametric technique. To demonstrate these methods, the models were illustrated using Oral, Kettani and Lang's data on 37 R&D projects for their success. From statistical analysis, it was discovered that artificial neural network showed superiority to deciding how projects should be ranked and selected.
引用
收藏
页码:738 / 741
页数:4
相关论文
共 15 条
[1]  
[Anonymous], 1996, Neural fuzzy systems
[2]   A comparison of data envelopment analysis and artificial neural networks as tools for assessing the efficiency of decision making units [J].
Athanassopoulos, AD ;
Curram, SP .
JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY, 1996, 47 (08) :1000-1016
[3]  
Cavalier S, 2004, INT J PROD ECON, V91, P165, DOI [10.1016/j.ijpe.2003.08.005, 10.1016/j.ijpe.2004.08.005]
[4]  
EILAT H, 2008, INT J MANAGEMENT SCI, V36, P895, DOI DOI 10.1016/J.OMEGA.2006.05.002
[5]  
Heydari Amir, 2006, PREDICTION HYDRATE F
[6]  
Jain A.K., 1996, Artificial neural networks: A tutorial
[7]   Analysis, ranking and selection of R&D projects in a portfolio [J].
Linton, JD ;
Walsh, ST ;
Morabito, J .
R & D MANAGEMENT, 2002, 32 (02) :139-148
[8]   R&D project selection using the analytic network process [J].
Meade, LA ;
Presley, A .
IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, 2002, 49 (01) :59-66
[9]   A METHODOLOGY FOR COLLECTIVE EVALUATION AND SELECTION OF INDUSTRIAL RESEARCH-AND-DEVELOPMENT PROJECTS [J].
ORAL, M ;
KETTANI, O ;
LANG, P .
MANAGEMENT SCIENCE, 1991, 37 (07) :871-885
[10]  
Shamim M.A., 2004, 1 INT C WATER RESOUR, P5