IDEAS home Printed from https://ideas.repec.org/a/inm/ormnsc/v19y1973i8p947-960.html
   My bibliography  Save this article

Representation and Analysis of Multi-Stage Problems in R & D

Author

Listed:
  • A. G. Lockett

    (Manchester Business School)

  • A. E. Gear

    (Manchester Business School)

Abstract

The paper describes a method of representing and analysing the multi-stage, dynamic nature of many types of research and development projects. The method makes use of a number of well-known techniques, decision trees, mathematical programming and simulation in combination. Each project which could form part of a laboratory portfolio is represented in a modified decision tree format called a "project tree," and the project trees are then considered in one analysis based on heuristics. The approach is demonstrated using a small illustrative example, and an industrial case study is described, giving attention to computational problems of size.

Suggested Citation

  • A. G. Lockett & A. E. Gear, 1973. "Representation and Analysis of Multi-Stage Problems in R & D," Management Science, INFORMS, vol. 19(8), pages 947-960, April.
    • Handle: RePEc:inm:ormnsc:v:19:y:1973:i:8:p:947-960
    DOI: 10.1287/mnsc.19.8.947
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/mnsc.19.8.947
    Download Restriction: no
    File URL: https://libkey.io/10.1287/mnsc.19.8.947?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Scobie, Grant M., 1984. "Investment in Agricultural Research: Some Economic Principles," Economics Working Papers 232447, CIMMYT: International Maize and Wheat Improvement Center.
    2. B. De Reyck & Y. Grushka-Cockayne & R. Leus, 2007. "A New Challenge in Project Scheduling. The Incorporation of Activity Failures," Review of Business and Economic Literature, KU Leuven, Faculty of Economics and Business (FEB), Review of Business and Economic Literature, vol. 0(3), pages 410-435.
    3. Greig, I.D., 1981. "Agricultural Research Management and the Ex Ante Evaluation of Research Proposals : A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 49(02), pages 1-22, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:19:y:1973:i:8:p:947-960. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.