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An integrated cost-performance model of research and development evaluation

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  • Geisler, E.
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    Abstract

    This paper proposes an integrated model of R & D evaluation which links the cost of research with its various outputs, from proximal or immediate to the intermediate outputs in the client organizations of the R & D performer. This model differs from previous models in that it consolidates both cost and performance assessment. Indexes of cost-performance are constructed, for each category of output, and as a measure of productivity per scientist and engineer engaged in research. The indexes proposed in this model reflect the relative cost-effectiveness of the R & D activity throughout a substantial portion of the innovation process. As a comprehensive and integrated model, it transcends the limitations of immediate outputs utilized by other models. The model allows for comparisons, at the program, corporate and national levels, of the cost-performance of research. Some methodological and implementation problems are discussed.

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    Bibliographic Info

    Article provided by Elsevier in its journal Omega.

    Volume (Year): 23 (1995)
    Issue (Month): 3 (June)
    Pages: 281-294

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    Handle: RePEc:eee:jomega:v:23:y:1995:i:3:p:281-294

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    Related research

    Keywords: research research and development R & D management of science/technology performance ratios evaluation;

    References

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    1. Baltagi, Badi H & Griffin, James M, 1988. "A General Index of Technical Change," Journal of Political Economy, University of Chicago Press, vol. 96(1), pages 20-41, February.
    2. Palda, Kristian S., 1986. "Technological intensity: Concept and measurement," Research Policy, Elsevier, vol. 15(4), pages 187-198, August.
    3. Mansfield, Edwin, 1992. "Academic research and industrial innovation: A further note," Research Policy, Elsevier, vol. 21(3), pages 295-296, June.
    4. Nederhof, A. J. & van Raan, A. F. J., 1993. "A bibliometric analysis of six economics research groups: A comparison with peer review," Research Policy, Elsevier, vol. 22(4), pages 353-368, August.
    5. Irvine, John & Martin, Ben R. & Abraham, John & Peacock, Tim, 1987. "Assessing basic research: Reappraisal and update of an evaluation of four radio astronomy observatories," Research Policy, Elsevier, vol. 16(2-4), pages 213-227, August.
    6. Cordero, Rene, 1990. "The measurement of innovation performance in the firm: An overview," Research Policy, Elsevier, vol. 19(2), pages 185-192, April.
    7. Mansfield, Edwin, 1991. "Academic research and industrial innovation," Research Policy, Elsevier, vol. 20(1), pages 1-12, February.
    8. Jensen, Elizabeth J, 1987. "Research Expenditures and the Discovery of New Drugs," Journal of Industrial Economics, Wiley Blackwell, vol. 36(1), pages 83-95, September.
    9. Richard R. Nelson, 1959. "The Simple Economics of Basic Scientific Research," Journal of Political Economy, University of Chicago Press, vol. 67, pages 297.
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    Cited by:
    1. Gallego, Jorge & Rubalcaba, Luis & Suárez, Cristina, 2013. "Knowledge for innovation in Europe: The role of external knowledge on firms' cooperation strategies," Journal of Business Research, Elsevier, vol. 66(10), pages 2034-2041.
    2. Guan, Jiancheng & Chen, Kaihua, 2012. "Modeling the relative efficiency of national innovation systems," Research Policy, Elsevier, vol. 41(1), pages 102-115.

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