PROBE swMATH ID: 16216 Software Authors: Lourenço, J.C., Morton, A., Bana e Costa, C.A. Description: PROBE multicriteria decision support system for portfolio robustness evaluation. This paper addresses the problem of selecting a robust portfolio of projects in the context of limited resources, multiple criteria, different project interactions and several types of uncertainty. A portfolio of projects is considered an undoubtedly robust choice if for a given uncertainty domain that affects the costs and/or the benefits of the projects there is no other portfolio that does not cost more and simultaneously may provide more overall benefit. We present a new decision support system, PROBE (Portfolio Robustness Evaluation), and the algorithms it implements. PROBE identifies all efficient portfolios and depicts the respective Pareto frontier within a given portfolio cost range, and permits users to analyze, in depth, the robustness of selecting a proposed portfolio. The robustness evaluation starts by identifying competitor portfolios to the proposed portfolio, its similarities and differences in project composition to its competitors, and the regret a decision-maker may have by selecting the proposed portfolio instead of a competitor. Homepage: http://www.sciencedirect.com/science/article/pii/S0167923612001960 Related Software: ComPAIRS; RICH Decisions; PRIME Decisions; BENSOLVE; VIP Analysis; VisualUTA; DecideIT; M-MACBETH; FITradeoff; DEA; WINPRE; WINGDSS; VISA; Visual Market/2; UTA Plus; Triptych; TransparentChoice; SOLVEX; SANNA; Rubis Cited in: 11 Publications all top 5 Cited by 26 Authors 6 Liesiö, Juuso 3 Salo, Ahti A. 1 Andelmin, Juho 1 Bana e Costa, Carlos A. 1 Carnero, María Carmen 1 Crawford, Broderick 1 de Almeida, Adiel Teixeira 1 Ehrgott, Matthias 1 Ekel, Petr Ya. 1 Figueira, José Rui 1 Fliedner, Thomas 1 Frej, Eduarda Asfora 1 Greco, Salvatore 1 Harju, Mikko 1 Ji, Ying 1 Jin, Xiaowan 1 Keisler, Jeffrey M. 1 Morton, Alec 1 Oliveira, Mónica Duarte 1 Paredes, Fernando 1 Pereira, Javier 1 Qu, Shaojian 1 Soto, Ricardo Lorenzo 1 Tervonen, Tommi 1 Vilkkumaa, Eeva 1 Virtanen, Kai all top 5 Cited in 6 Serials 6 European Journal of Operational Research 1 Information Sciences 1 Operations Research 1 Computational and Applied Mathematics 1 Journal of Applied Mathematics 1 International Series in Operations Research & Management Science Cited in 3 Fields 8 Operations research, mathematical programming (90-XX) 6 Game theory, economics, finance, and other social and behavioral sciences (91-XX) 1 General and overarching topics; collections (00-XX) Citations by Year