Modelling Mesures of Prioritization of investment projects (Mobarakeh Steel Company Case Study)

To achieve competitive advantage, organizations need to build the infrastructure that can be achieved through the implementation of investment projects in the organization. On the other hand, limited resources prevent the implementation of all potential projects, and prioritizing and selecting among them would be necessary. When evaluating investment projects, it is important to consider a variety of criteria and organization's mission and strategy along with well-known economic indicators in a decision-making model to make it closer to the real-world situations. In many organizations, unclear viewpoints, and sometimes personal tastes, instead of having an integrated system according to specific and measured criteria for decision making, influences the choice of the projects. This paper presents a multi-criteria prioritization model of integrative AHP and SAW, for evaluating investment projects in Mobarakeh Steel Company, which describes the appropriate criteria and how to measure them along with the priority determination method. Applying of the proposed model in practice to systematically select the projects reduces the chance of project elimination after approval, while decreases the personal manner. The application of the proposed model on the set of investment projects of the company in 1997 shows the compliance of more than 85% of the obtained prioritization with what has happened in practice. T