The Evaluation of Industrial Research and Development Projects

Edwin Mansfield

No 49069, Evaluation of Agricultural Research, Proceedings of a Workshop, Minneapolis, MN, May 12-13, 1980, Miscellaneous Publication 8 from University of Minnesota, Agricultural Experiment Station

Abstract: Economists, engineers, and others to formulate and study methods to evaluate industrial research and development R&D projects. In this paper, my purposes are (1) to describe the results of recent studies to measure (ex post) the social benefits from industrial innovations, (2) to indicate the sorts of ex-ante evaluation techniques described in the literature and the extent to which they are used by American firms, (3) to provide measures of the biases and errors contained in ex-ante estimates of development cost, development time, and the profitability of new processes and products, and (4) to indicate the effects on probabilities of success of how quickly ex-ante economic evaluations are made.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 6
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umae08:49069

DOI: 10.22004/ag.econ.49069

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