A Petroleum R&D Project Portfolio ...

At present, most of petroleum R&D project portfolio researches are based on mathematical programming, decision theory and scoring method to construct R&D project portfolio multi-criteria model. These models is effective to some extent, however, it is very rare to consider the uncertainty of project and petroleum R&D project interactions in R&D portfolio selection. In this paper, firstly, fuzzy set theory and real option method have been combined in petroleum R&D project portfolio decision analysis, and we have also considered project interactions in order to seek the optimal solution. Finally, an example of petroleum R&D project portfolio carried out systematic evaluation and empirical analysis.