Recognition that R&D (Research and Development) project is important for national competitiveness and sustainable economic growth has been extended all over the world, and the government financial support for R&D projects has increased. Therefore, government needs to make a decision about whether it invests in any project or not, and this decision-making complies with evaluation of the relevant experts. In this study, we improve project selection methods and procedures based on outranking methods which have mainly focused on general project environmental analysis in order to apply to the government support R&D project selection, and suggest R&D project selection methods and procedures that meet the purpose of government support. Therefore, it demonstrates that improved methods organize more profitable project groups to the purpose of the selecting government support R&D project than existing methods. Also, it illustrates that it is possible for decision makers to analyze variously by changing composition of selecting project group with variation of α.

1. Introduction
2. Theoretical analysis of project selection
    2.1 Project selection method
    2.2 Ranking method for project selection
3. α-augmented score method
    3.1 government-sponsored R&D project
    3.2 Considerations for ranking method application
    3.3 Detailed design of government-sponsored R&Dproject selection process
    3.4 α-augmented score method
4. Application ofα-augmented score toproblems and analysis result
    4.1 Problem explanation and application method
    4.3 Literature review and comparison analysis
5. Conclusion
Reference

• Young-Soo Park(Industrial and Management Engineering, Hanyang University)
• Chang-Wook Kang(Industrial and Management Engineering, Hanyang University) Corresponding Author
• Sun-Geun Lee(Industrial and Management Engineering, Hanyang University)