RECENT DEVELOPMENTS IN RESEARCH AND DEVELOPMENT VALUE MEASUREMENTS AND PROJECT SELECTION

New Trends and capabilities have recently emerged in the general area of R&D project selection. A sharper distinction is appearing between value measurement and project selection (or resource allocation). Approaches such as scoring models, relevance trees, and profitability indices are now recognized as value measurement, not as project selection; approaches and studies are revealing insights regarding the construction and use of such measures. New approaches have emerged for overcoming the well-recognized inadequacies in dealing with 1) the impact of time and rate of funding on such parameters as value, probability of completion, and resource utilization; and 2) the need to plan for "crisis" or 'Breakthrough".

• Authors:
  • Baker, N R
  • Freeland, J R
• Publication Date: 1972-3

Media Info

• Serial:
  • Operations Research Society of America Bulletin
  • Volume: 20
  • Issue Number: 1

Subject/Index Terms

• TRT Terms: Industrial engineering; Resource allocation
• Uncontrolled Terms: Project selection
• Subject Areas: Administration and Management; Marine Transportation;

Filing Info

• Accession Number: 00032674
• Record Type: Publication
• Source Agency: Operations Research Society of America
• Files: TRIS
• Created Date: Apr 28 1973 12:00AM