Recent Advances in R&D Benefit Measurement and Project Selection Methods

Norman Baker and James Freeland
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Norman Baker: Department of Quantitative Analysis, College of Business Administration, University of Cincinnati, Cincinnati, Ohio 45221
James Freeland: Graduate School of Business, Stanford University, Stanford, California, 94305

Management Science, 1975, vol. 21, issue 10, 1164-1175

Abstract: The purpose of this paper is to provide a current assessment of the literature addressed to quantitative models of the R and D project selection and resource allocation decision. In order to facilitate the critique and assessment the literature is somewhat arbitrarily divided into benefit measurement and resource allocation methods. The strengths and limitations of existing knowledge are identified with an emphasis on empirical investigations. Several research areas are identified and briefly described.

Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:21:y:1975:i:10:p:1164-1175

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