Research and Development

Richard J. Briston and Jack Liversidge
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Richard J. Briston: University of Strathclyde
Jack Liversidge: Leeds Polytechnic

Chapter 4 in A Practical Approach to Business Investment Decisions, 1979, pp 52-87 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to consider in detail the factors which should influence the investment of a firm in research and development (R & D). A brief introductory section considers the relationship of such expenditure to the strategic planning of the firm. Subsequently a number of problems peculiar to R & D are elicited and certain principles emerge. The R & D process is then considered in more specific terms and particular attention is directed to classification and evaluation procedures. Consistency in the evaluation procedures, at varying points in time, is emphasised and the use of alternative models to facilitate this objective is discussed.

Keywords: Planning Period; Payback Period; Chance Constraint; Marketing Programme; Discount Cash Flow (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02136-9_4

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DOI: 10.1007/978-1-349-02136-9_4

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