Optimal R&D programs in a random environment

DOI10.2307/3214653MaRDI QIDQ3483081zbMATH OpenOpenAlexFDO

Authors Dror Zuckerman, M. J. M. Posner

Publication date 1990

Published in Journal of Applied Probability (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/3214653

zbMATH Keywords

control limit policyoptimal stopping timestochastic R \& D model

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Operations research and management science (90B99) Markov and semi-Markov decision processes (90C40)

Recommendations

• Expenditure patterns and timing of patent protection in a competitive R \& D environment
• Optimal management of an R\&D budget
• Stochastics of innovation processes
• Expenditure patterns for risky R and D projects
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Cited in

(18)

• Optimal research and development expenditures under an incremental tax incentive scheme
• Stochastics of innovation processes
• Expenditure patterns and timing of patent protection in a competitive R \& D environment
• Optimal expenditure patterns of a double-path engineering project
• Optimal investment in development projects
• Optimal investment in research and development under uncertainty
• Optimal strategies in the fighting fantasy gaming system: influencing stochastic dynamics by gambling with limited resource
• On conducting simultaneous versus sequential engineering activities in risky R \& D
• R&D projects analyzed by semimartingale methods
• A Stochastic Model for a Researcher's Problem
• Generalized product-form stationary distributions for Markov chains in random environments with queueing applications
• When to abandon a research project and search for a new one
• Robust optimal R\&D investment under technical uncertainty in a regime-switching environment
• Expenditure patterns for risky R and D projects
• Optimal R\&D investment problem with regime-switching
• Optimal management of an R\&D budget
• Optimal selection of R\&D projects
• On R\&D timing under uncertainty. The case of exhaustible resource substitution

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