Ranking of research projects: Experiments with two methods

Geoff Lockett and Mike Stratford

Omega, 1987, vol. 15, issue 5, 395-400

Abstract: The problem of choosing a research portfolio continues to be of interest to R & D Management and a series of competing models are regularly proposed. Recently much of the research attention has been focused on multi-criteria methods which attempt to take into account the subjective nature of the activity, but even here there is a wide choice of methods. In this paper we present the results of using two of these different approaches on the same problem. Although only based on a single case, the experiments highlight the need for caution in using models, and the importance of the process of modelling compared with the mechanics.

Date: 1987
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