A HEURISTIC INVESTMENT MODEL FOR NONPROFIT RESEARCH.
SYSTEM DEVELOPMENT CORP SANTA MONICA CALIF
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The model provides a maximization approximation in a simple yet systematic and rational way for selecting research projects from many alternatives. Moreover, the methodology explicityly takes into account the qualitative and quantitative attributes of research projects. Specifically, the model readily provides pertinent information regarding projects that are of value to the decision-makers and project leaders, including the following rate of return on investment qualitative attributes per dollar of investment initial costs of projects continuing investment requirements alternative levels of investment time necessary to break-even time necessary to complete the project and any other overriding critical factors. Further work needs to be done in providing a systematic method for making future costs and benefits estimates and for developing consistency and credibility checks. Moreover, some rational yet simple and operational method is needed to assist in determining the relative shares of qualitative and quantitative budgets. Author
- Administration and Management
- Economics and Cost Analysis
- Operations Research