This thesis analyzes capital budgeting and takes particularly care of the portfolio aspect. This aspect is introduced when evaluating projects or businesses on the level of an entire company. The following key elements are identified: customer demand, production costs, diversification and...

We generate a set of scenarios for project portfolios such that no single portfolio contains mutually exclusive projects while the set contains all such scenarios. We us the compatibility matrix, a method in the operations management literature, to generate project scenarios. We then go further,...