PLANNING AND BUDGETING IN A MULTIPHASE R AND D PROCESS
CARNEGIE INST OF TECH PITTSBURGH PA GRADUATE SCHOOL OF INDUSTRIAL ADMINISTRATION
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An attempt is made to develop a model of the research and development process. The focus is on the selection of both research and development projects for investment of research funds. A quasi-rational fund allocation process is assumed wherein the allocation of funds among proposed projects is made by an integer programming technique but the development of the list of projects which are candidates for receipt of funds is assumed to be the result of an ancillary heuristic process. The allocation model is not intended as a firm prescription for behavior but rather as a device to gain insight into the project selection process.
- Administration and Management