Optimal selection of R\&D projects

DOI10.1007/BF01182978MaRDI QIDQ687069zbMATH OpenOpenAlexFDO

Authors Wolfgang Stadje

Publication date 31 August 1994

Published in Applied Mathematics and Optimization (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/bf01182978

zbMATH Keywords

adaptive dynamic programmingasymptotic propertiesBayesian adaptive dynamic programmingmaximum expected rewardmonotonicityoptimal funding strategyresearch and developmentsequential selectionuncertainty

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Dynamic programming (90C39)

Recommendations

• Optimal management of an R\&D budget
• Dynamic project selection
• Optimal R&D programs in a random environment
• An integrated mathematical-computer approach for R\&D project selection in large public organisations
• A dynamic allocation rule for the funding of projects and its long-run properties

Cites work

• Asymptotic methods in statistical decision theory
• Dynamic investment strategies for a risky R and D project
• Funding Criteria for Research, Development, and Exploration Projects
• scientific article; zbMATH DE number 3842849 (Why is no real title available?)
• scientific article; zbMATH DE number 3219428 (Why is no real title available?)
• scientific article; zbMATH DE number 3096290 (Why is no real title available?)
• Optimal Management of a Research and Development Project
• Optimal R&D programs in a random environment
• Perfect Equilibrium in a Model of a Race
• Timing of Innovations Under Rivalry

Cited in

(21)

• A probabilistic model for planning research and development under linear constraints
• A dynamic allocation rule for the funding of projects and its long-run properties
• A model of project evaluation with limited attention
• Selection of priority areas in research and development
• Optimal learning of a set: or how to edit a journal if you must
• Optimal investment in development projects
• Optimal strategies for selecting project portfolios using uncertain value estimates
• Analyzing the efficient allocation of research funds by Bayesian model
• Optimal selection policies for a sequence of candidate drugs
• scientific article; zbMATH DE number 3914060 (Why is no real title available?)
• A Stochastic Model for a Researcher's Problem
• Dynamic project selection
• Optimal Sequencing and Resource Allocation in Research and Development Projects
• scientific article; zbMATH DE number 2203936 (Why is no real title available?)
• scientific article; zbMATH DE number 966937 (Why is no real title available?)
• Index Policies for Stochastic Search in a Forest with an Application to R&D Project Management
• Optimal R\&D investment for a risk-averse entrepreneur
• Allocation of public funds to R\&D: A portfolio choice-styled decision model and a biotechnology case study
• Optimal management of an R\&D budget
• An integrated mathematical-computer approach for R\&D project selection in large public organisations
• Optimal decision indices for R\&D project evaluation in the pharmaceutical industry: Pearson index versus Gittins index

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