Project portfolio selection through decision support
Decision Support Systems
Genetic Algorithms and Grouping Problems
Genetic Algorithms and Grouping Problems
A hybrid system for planning the development level of resort
Expert Systems with Applications: An International Journal
A decision support model for scheduling exhibition projects in art museums
Expert Systems with Applications: An International Journal
Hi-index | 12.05 |
The development of a large theme park usually includes multiple phases. The combination and development ordering of facilities in these phases have a great impact on the attractiveness of the theme park. Examples of such facilities are attractions, food service, accommodation, and supporting facilities. Some of these facilities although highly profitable, cannot attract visitors on their own, while others may boost the visitor count, yet by themselves do not make a profit. This research considers the values that each development activity brings to the project, and prioritizes feasible alternatives based on their net present values. Based on the integration of simulation and the genetic algorithm, a decision support system has been developed to determine the combination and ordering of facilities, and the resources needed for each development step. This development plan will provide investors with systematic and quantitative information that will help them to determine the development portfolio of each facility under the constraint of the funding program.