PLANNING AND BUDGETING IN A MULTIPHASE R AND D PROCESS

Abstract

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.

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Document Details

Document Type
Technical Report
Publication Date
Nov 01, 1966
Accession Number
AD0643867

Entities

People

  • A. Stedry
  • R. G. Brandenburg

Organizations

  • Carnegie Institute of Technology

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Abstracts
  • Business Administration
  • Capital Investments
  • Classification
  • Computer Programming
  • Contracts
  • Economics
  • Engineering
  • Finance
  • Identification
  • Integer Programming
  • Investments
  • Money
  • Optimization
  • Personnel Management
  • Security
  • Test And Evaluation

Readers

  • Logistics and Supply Chain Management.
  • Research Science/Academic Research
  • Theoretical Analysis.