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Cost-of-Research Index, 1920–1970

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  • Helen S. Milton

    (Research Analysis Corporation, McLean, Virginia)

Abstract

The current study brings up through 1970 the cost-of-research index that was published in Operations Research 14, 977–991 (1966). This paper points out various economic aspects and effects of the R&D fluctuations between 1965 and 1970 within the framework of the index pattern for the twenty-year period 1950–1970. The objective of the index is to provide a measure of (l) the change in the cost of a technical man-year of research in the US, and (2) the change in the amount of research and development (R&D) effort in terms of technical man-years of effort applied to it as derived from total dollars spent on R&D. The index is a tool to be utilized in determining the rate of change in costs per technical man-year in R&D and for use in R&D planning and budgeting.

Suggested Citation

  • Helen S. Milton, 1972. "Cost-of-Research Index, 1920–1970," Operations Research, INFORMS, vol. 20(1), pages 1-18, February.
    • Handle: RePEc:inm:oropre:v:20:y:1972:i:1:p:1-18
    DOI: 10.1287/opre.20.1.1
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    Cited by:

    1. Pardey, Philip G. & Craig, Barbara & Hallaway, Michelle L., 1989. "U.S. agricultural research deflators: 1890-1985," Research Policy, Elsevier, vol. 18(5), pages 289-296, October.

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