Networked partner selection with robust portfolio modeling

Abstract

This chapter illustrates the applicability of mathematical decision-analysis in VO partner selection. The approach allows for multiple criteria, which can also relate to inter-organizational issues such as collaboration history between partner candidates. Moreover, the approach is soft in the sense that it allows interval parameter data, instead of point estimates. Using the RPM method, Pareto-efficient VO configurations can be identified and the robustness of the candidates can be analyzed. The results suggest that the models are very useful in practical decision-making situations.