A new approach to R&D project selection problem and a solution proposal: UTA method

Nowadays with the rapid increase in globalization, competitiveness is based on the information. Information is transformed into science and technology by systematizing with research and development studies. The development of a country, producing added value, providing employment, continuing to increase in production continuously is only possible by increasing the information content and by converting the increasing information into science and technology. Considering the variety of products and services is very much, innovation is necessary for countries and producers for to continue and compete in the activities. In this regard, research and development (R&D) carries great importance. R&D can be defined as the development of new products, new production methods, or the acquisition of new technologies, products, production methods from present information. As it is in other countries, our country also encourages R&D investments and supports R & D investments. In determining the size of support according to the R&D dimension, the value added which will be effective can be evaluated as benefit. For this purpose, in our study, the projects were ranked in a competition where R & D projects are selected by considering the efficient use of supports. In this sense, the UTA Method which is one of Multi-Criteria Decision Making (MCDM) methods was preferred for the solution process for our problem. UTA method preferred because of its considering marginal utility structure and linear programming approach. The GAMS program was used to solve the mathematical model obtained during the solution process. Because of being benefit-based, it has been tried to be shown that the solution can support the ranking of projects more effectively and correctly.