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South African Journal of Industrial Engineering
On-line version ISSN 2224-7890
Print version ISSN 1012-277X
Abstract
FILIZ TURKMEN, G. and TOPCU, Y.I.. Research and development project selection: a comprehensive analysis of the trends and methods. S. Afr. J. Ind. Eng. [online]. 2021, vol.32, n.4, pp.28-43. ISSN 2224-7890. http://dx.doi.org/10.7166/32-4-2452.
The purpose of this paper is to present a comprehensive literature review of the research and development (R) project selection problem since 1977, using the PRISMA method. This study aims (i) to support researchers and practitioners to understand selection methodologies, decision-maker types, and perspectives; (ii) to guide them in choosing the most suitable project selection method; and (iii) to clarify a common confusion by proposing a more precise definition of 'R project selection' and 'R portfolio selection'. The study also highlights several areas for improvement and the future of project selection techniques for further studies.