Funding Criteria for Research, Development, and Exploration Projects

DOI10.2307/1912754MaRDI QIDQ3914746zbMATH OpenOpenAlexWikidataFDO

Authors Kevin W. S. Roberts, M. L. Weitzman

Publication date 1981

Published in Econometrica (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/1721.1/35160

zbMATH Keywords

research and developmentresearch planninggeneral theory of information gathering processesoptimal funding criteria

Mathematics Subject Classification ID

Operations research and management science (90B99)

Cited in

(31)

• Experimentation and project selection: screening and learning
• Discussions on the determinants of R\&D value based upon real options
• Optimal learning before choice
• Uncertainty and stepwise investment
• Investment and uncertainty with time to build: evidence from entry into U.S. copper mining
• Multi-task research and research joint ventures
• The option value of advanced R\&D
• Parallel search for information in continuous time -- optimal stopping and geometry of the PDE
• Robust control of the multi-armed bandit problem
• Valuing portfolios of interdependent real options under exogenous and endogenous uncertainties
• Parallel search for the best alternative
• Optimal production of innovations under uncertainty
• The impact of idiosyncratic uncertainty when investment opportunities are endogenous
• Optimal investment in development projects
• A perpetual search for talents across overlapping generations: a learning process
• Risk-sensitive optimal exercise strategies of R\&D projects under oligopoly competition
• Real options with unknown-date events
• A model of sequential investment
• Optimal management of an R\&D budget
• Optimal selection of R\&D projects
• Valuing pilot projects in a learning by investing framework: an approximate dynamic programming approach
• Branching bandits: A sequential search process with correlated pay-offs.
• Real R\&D options with time-to-learn and learning-by-doing
• Strategic options in re-engineering of a manufacturing system with uncertain completion time
• Optimal Sequential Investment Decision-Making with Jump Risk
• Optimal dynamic resource allocation to prevent defaults
• The value of the option to `wait and see'
• A note on optimal experimentation under risk aversion
• Resource allocation when projects have ranges of increasing returns
• Optimal expenditure patterns of a double-path engineering project
• Optimal stopping problems in Lévy models with random observations

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