COST-OF-RESEARCH INDEX 1920-1965
Abstract
The cost-of-research index provides a measure of the cost of technical man-years supported by research and development (R and D) funds expended yearly in the US relative to effort--in contrast to dollars--that has been put forth in US R and D. Although the annual US R and D dollar totals have increased from less than $3 billion in 1950 to about $22 billion in 1965, the actual man-years of technical effort indicated by the application of the cost- of-research index to the annual dollar totals increased at approximately one- half the rate of increase of funds expended. During the past 5 years there has been an appreciable decline from the mid-1950's in the rate of increase in the technical-man-year costs. Research and development is accomplished by the expenditure of manpower and dollars, and all approaches to planning and budgeting for R and D must be based on consideration of both. The cost-of- research index designed to determine the rates of change in costs per technical man-year should be updated and applied in such planning and budgeting on a recurring annual basis.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1966
- Accession Number
- AD0629700
Entities
People
- Helen S. Milton