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International Journal of Management and Business Research

A Simulation Based of Setting Policy in Project Acceptance Based on Experiences in Project-Driven SME's

1 S. Izadin ; 2 R. Radfar; 2 J. Nazemi
1Department of Information Technology Management, Science and Research Branch, Islamic Azad University, Tehran, Iran 2Department of Industrial Management, Science and Research Branch, Islamic Azad University, Tehran, Iran
Abstract :

The acceptance of the right project which leads to the realization of the set objectives is one of the most important issues in project-oriented companies. Therefore, corporate managers prefer to work on those projects which ensures the achievement of goals such as increasing financial profits or being the top brands in their rivals market. The present  research aimed at introducing  a systematic approach  to  the project acceptance modeling in order to ensure that  effective decision-making  can be seen and analysis them with appropriate model. This paper provides a system dynamics model of project accepting which examines the effective factors in decision-making process. This data used in the present  research included  number of staffs assigned to the  projects as well as  the  identified of  delay in project execution. The identified factors have been used to indicate the cause and effect relationships in graphs and calculating the related equations before being integrated into the model. Finally, sensitivity analysis was done by running model and validating it to determine suitable strategies which improve the decision-making of managers when dealing with the process of accepting or rejecting available market’s projects. Therefore, the results can be used in decision–making process. 

Keywords :
System Dynamics; Simulation; Project acceptance; Simulation variables

Date Deposited : 24 Mar 2016 13:48

Last Modified : 24 Mar 2016 13:48

Official URL:

Volume 5, Number 2, - 2015

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