{"title":"基于层次分析法的铁路现代化项目选择两步法","authors":"Rajko Ković, M. Milenković","doi":"10.3846/transport.2022.17808","DOIUrl":null,"url":null,"abstract":"This paper presents a simulation of the Project Portfolio Management (PPM) model usage in evaluation and selection of modernization projects of Serbian Railways. Performance review of the selected projects is conducted in regards to the strategic goals of the company, which have been established during the process of strategic planning. The project selection model is methodologically set up as a two-step selection model. The number of portfolio projects is narrowed down by ranking their importance in regards to the success of the modernization program (benefits, risks, and resources), which is followed by the ranking of the projects on the basis of their contribution to the realization of previously chosen liquidity and rentability goals, which are always a challenge when it comes to railway companies. This selection procedure is simulated by applying the Analytic Hierarchy Process (AHP), a mathematical model of linear programming, embedded in the software package “Expert Choice”. The simulation results show that, in this way, it is possible to achieve a considerable drop in the amount of necessary financial resources for the realization of modernization projects, which is also the main contribution of this paper. This proves the efficiency of the PPM concept application as a modern model of strategic management. The showcased model of project portfolio selection can find a significant usage among the current processes of railways restructuring, especially in financing of the projects of public–private partnerships.","PeriodicalId":23260,"journal":{"name":"Transport","volume":"32 1","pages":""},"PeriodicalIF":1.3000,"publicationDate":"2022-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"A TWO-STEP APPROACH FOR SELECTION OF RAILWAY MODERNIZATION PROJECTS BASED ON ANALYTIC HIERARCHY PROCESS\",\"authors\":\"Rajko Ković, M. Milenković\",\"doi\":\"10.3846/transport.2022.17808\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper presents a simulation of the Project Portfolio Management (PPM) model usage in evaluation and selection of modernization projects of Serbian Railways. Performance review of the selected projects is conducted in regards to the strategic goals of the company, which have been established during the process of strategic planning. The project selection model is methodologically set up as a two-step selection model. The number of portfolio projects is narrowed down by ranking their importance in regards to the success of the modernization program (benefits, risks, and resources), which is followed by the ranking of the projects on the basis of their contribution to the realization of previously chosen liquidity and rentability goals, which are always a challenge when it comes to railway companies. This selection procedure is simulated by applying the Analytic Hierarchy Process (AHP), a mathematical model of linear programming, embedded in the software package “Expert Choice”. The simulation results show that, in this way, it is possible to achieve a considerable drop in the amount of necessary financial resources for the realization of modernization projects, which is also the main contribution of this paper. This proves the efficiency of the PPM concept application as a modern model of strategic management. The showcased model of project portfolio selection can find a significant usage among the current processes of railways restructuring, especially in financing of the projects of public–private partnerships.\",\"PeriodicalId\":23260,\"journal\":{\"name\":\"Transport\",\"volume\":\"32 1\",\"pages\":\"\"},\"PeriodicalIF\":1.3000,\"publicationDate\":\"2022-11-21\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Transport\",\"FirstCategoryId\":\"5\",\"ListUrlMain\":\"https://doi.org/10.3846/transport.2022.17808\",\"RegionNum\":4,\"RegionCategory\":\"工程技术\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"TRANSPORTATION SCIENCE & TECHNOLOGY\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Transport","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.3846/transport.2022.17808","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"TRANSPORTATION SCIENCE & TECHNOLOGY","Score":null,"Total":0}
A TWO-STEP APPROACH FOR SELECTION OF RAILWAY MODERNIZATION PROJECTS BASED ON ANALYTIC HIERARCHY PROCESS
This paper presents a simulation of the Project Portfolio Management (PPM) model usage in evaluation and selection of modernization projects of Serbian Railways. Performance review of the selected projects is conducted in regards to the strategic goals of the company, which have been established during the process of strategic planning. The project selection model is methodologically set up as a two-step selection model. The number of portfolio projects is narrowed down by ranking their importance in regards to the success of the modernization program (benefits, risks, and resources), which is followed by the ranking of the projects on the basis of their contribution to the realization of previously chosen liquidity and rentability goals, which are always a challenge when it comes to railway companies. This selection procedure is simulated by applying the Analytic Hierarchy Process (AHP), a mathematical model of linear programming, embedded in the software package “Expert Choice”. The simulation results show that, in this way, it is possible to achieve a considerable drop in the amount of necessary financial resources for the realization of modernization projects, which is also the main contribution of this paper. This proves the efficiency of the PPM concept application as a modern model of strategic management. The showcased model of project portfolio selection can find a significant usage among the current processes of railways restructuring, especially in financing of the projects of public–private partnerships.
期刊介绍:
At present, transport is one of the key branches playing a crucial role in the development of economy. Reliable and properly organized transport services are required for a professional performance of industry, construction and agriculture. The public mood and efficiency of work also largely depend on the valuable functions of a carefully chosen transport system. A steady increase in transportation is accompanied by growing demands for a higher quality of transport services and optimum efficiency of transport performance. Currently, joint efforts taken by the transport experts and governing institutions of the country are required to develop and enhance the performance of the national transport system conducting theoretical and empirical research.
TRANSPORT is an international peer-reviewed journal covering main aspects of transport and providing a source of information for the engineer and the applied scientist.
The journal TRANSPORT publishes articles in the fields of:
transport policy;
fundamentals of the transport system;
technology for carrying passengers and freight using road, railway, inland waterways, sea and air transport;
technology for multimodal transportation and logistics;
loading technology;
roads, railways;
airports, ports, transport terminals;
traffic safety and environment protection;
design, manufacture and exploitation of motor vehicles;
pipeline transport;
transport energetics;
fuels, lubricants and maintenance materials;
teamwork of customs and transport;
transport information technologies;
transport economics and management;
transport standards;
transport educology and history, etc.