Some Statistical Considerations in the Selection of Research Projects in the Pharmaceutical Industry

O. L. Davies

Journal of the Royal Statistical Society Series C, 1962, vol. 11, issue 3, 170-183

Abstract: This paper discusses the problem of allocation of research resources when a choice has to be made between a number of alternative projects, possibly of differing values. Some general numerical examples are considered to illustrate the consequences in different practical situations of the theory that is developed here.

Date: 1962
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