A METHOD FOR BALANCED ALLOCATION OF RESOURCES AMONG RESEARCH AND DEVELOPMENT PROJECTS.
Abstract
The report presents the results of a study conducted by a tri-Service committee to devise a quantitative means for allocating resources among competing projects in the 6.1 (Research) and 6.2 (Exploratory Development) areas. A measure of utility is defined for various budget levels in a scientific or technological area, and marginal utility theory is applied to determine the optimum allocation among competing area, i.e. that allocation which purchases the greatest amount of utility for a fixed budget. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 15, 1967
- Accession Number
- AD0648649
Entities
People
- Joseph P. Martino
Organizations
- Air Force Research Laboratory