Optimal decision indices for R\&D project evaluation in the pharmaceutical industry: Pearson index versus Gittins index

DOI10.1016/J.EJOR.2006.01.011MaRDI QIDQ856299zbMATH OpenOpenAlexFDO

Authors Michael A. Talias

Publication date 7 December 2006

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2006.01.011

zbMATH Keywords

statistical decision theorygittins indexPearson indexproject prioritizationresearch and development in pharmaceutical industry

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Production models (90B30) Stochastic models in economics (91B70)

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Cites work

• scientific article; zbMATH DE number 3984436 (Why is no real title available?)
• scientific article; zbMATH DE number 3474804 (Why is no real title available?)
• scientific article; zbMATH DE number 3638998 (Why is no real title available?)
• IX. On the problem of the most efficient tests of statistical hypotheses
• Optimum Character of the Sequential Probability Ratio Test
• Sequential Tests of Statistical Hypotheses

Cited in

(5)

• Index policy for multiarmed bandit problem with dynamic risk measures
• Constructing strategies in strategic planning: a decision support evaluation model
• REAL OPTIONS AND THE EVALUATION OF RESEARCH AND DEVELOPEMENT PROJECTS IN THE PHARMACEUTICAL INDUSTRY : A CASE STUDY(Special Issue on Theory, Methodology and Applications in Financial Engneering)
• Genetic algorithm-based multi-criteria project portfolio selection
• Evaluating pharmaceutical R\&D under technical and economic uncertainty

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