Allocation of Resources for Basic Research in a Mission Oriented Governmental Agency
Abstract
A study is made of the process by which basic research is funded in a mission-oriented agency of the federal government, with particular attention to the Office of Naval Research. To provide a ratonale for improved funding procedures, a model is developed to associate a value with a research portfolio. Two models are developed, the first in the case where funding is made on the basis of supporting science per se, the second corresponds to the case where funding is made on the basis of mission-relatedness. An optimum portfolio would maximize the combined value of mission oriented and science oriented research subject to budget and other constraints. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1968
- Accession Number
- AD0726678
Entities
People
- Burton V. Dean
- David Huettner
- Donald C. Friedel
- Melvin Brown
- Samuel J. Mantel
Organizations
- Case Western Reserve University