Solving multiple-criteria R&D project selection problems with a data-driven evidential reasoning rule

In this paper, a likelihood based evidence acquisition approach is proposed to acquire evidence from experts'assessments as recorded in historical datasets. Then a data-driven evidential reasoning rule based model is introduced to R&D project selection process by combining multiple pieces of evidence with different weights and reliabilities. As a result, the total belief degrees and the overall performance can be generated for ranking and selecting projects. Finally, a case study on the R&D project selection for the National Science Foundation of China is conducted to show the effectiveness of the proposed model. The data-driven evidential reasoning rule based model for project evaluation and selection (1) utilizes experimental data to represent experts' assessments by using belief distributions over the set of final funding outcomes, and through this historic statistics it helps experts and applicants to understand the funding probability to a given assessment grade, (2) implies the mapping relationships between the evaluation grades and the final funding outcomes by using historical data, and (3) provides a way to make fair decisions by taking experts' reliabilities into account. In the data-driven evidential reasoning rule based model, experts play different roles in accordance with their reliabilities which are determined by their previous review track records, and the selection process is made interpretable and fairer. The newly proposed model reduces the time-consuming panel review work for both managers and experts, and significantly improves the efficiency and quality of project selection process. Although the model is demonstrated for project selection in the NSFC, it can be generalized to other funding agencies or industries.Comment: 20 pages, forthcoming in International Journal of Project Management (2019

Belief rule-base expert system with multilayer tree structure for complex problems modeling

Belief rule-base (BRB) expert system is one of recognized and fast-growing approaches in the areas of complex problems modeling. However, the conventional BRB has to suffer from the combinatorial explosion problem since the number of rules in BRB expands exponentially with the number of attributes in complex problems, although many alternative techniques have been looked at with the purpose of downsizing BRB. Motivated by this challenge, in this paper, multilayer tree structure (MTS) is introduced for the first time to define hierarchical BRB, also known as MTS-BRB. MTS- BRB is able to overcome the combinatorial explosion problem of the conventional BRB. Thereafter, the additional modeling, inferencing, and learning procedures are proposed to create a self-organized MTS-BRB expert system. To demonstrate the development process and benefits of the MTS-BRB expert system, case studies including benchmark classification datasets and research and development (R&D) project risk assessment have been done. The comparative results showed that, in terms of modelling effectiveness and/or prediction accuracy, MTS-BRB expert system surpasses various existing, as well as traditional fuzzy system-related and machine learning-related methodologie