Quantifying Organization Goals in Project Planning

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by Reza Khorramshahgol, North Carolina Central Univ, Sch of, Business, Durham, NC, USA,
Henry M. Steiner, North Carolina Central Univ, Sch of, Business, Durham, NC, USA,

Document Type: Proceeding Paper

Part of: Management Planning for Survival and Growth:

Abstract: In this paper we develop and demonstrate the application of a goal programming model. It is designed to assist top management to incorporate the goals of an organization in allocating funds to competing projects. Goal programming, a modification of linear programming (LP), recognizes the existence of multiple conflicting goals in resource allocation. The objectives are expressed as constraints and the objective function serves to minimize the deviation of the allocation from some pre-specified targets. Despite the fact that goal programming provides optimal solutions, its major drawback is that the decision maker must specify goals and priorities a priori. To overcome this problem, the Delphi method, a systematic procedure to obtain a consensus from a group of participants, is suggested and it is conducted prior to goal programming.

Subject Headings: Computer programming | Business organizations | Project management | Highway and road management | Optimization models | Linear analysis | Linear functions |

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