IDEAS home Printed from https://ideas.repec.org/a/eee/jomega/v4y1976i1p67-77.html
   My bibliography  Save this article

Simulation of R&D investment strategies

Author

Listed:
  • Bender, A Douglas
  • Pyle, Edmund B
  • Westlake, Wilfred J
  • Douglas, Bryce

Abstract

Simulation has been applied to a descriptive model of the R&D process and its relationship to other components of a commercial system with the objective to: (1) consider the size of the R&D expenditure in terms of future profit growth; (2) estimate the rate of return on the R&D investment; (3) compare the benefits of investment strategies designed to improve profit growth and return on investment; and (4) assess the consequences of anticipated extra corporate environmental futures on the attractiveness of the investment in R&D. With the use of this econometric model a number of major issues may be addressed in terms of their effect on R&D profitability and return on investment. These include: (1) the size of investment in R&D; (2) the level of research productivity; (3) strategies for development of new products worldwide; (4) rising R&D costs and inflation; (5) the probability of technical success; (6) market potential; (7) profit margin; and (8) length of product exclusivity.

Suggested Citation

  • Bender, A Douglas & Pyle, Edmund B & Westlake, Wilfred J & Douglas, Bryce, 1976. "Simulation of R&D investment strategies," Omega, Elsevier, vol. 4(1), pages 67-77.
  • Handle: RePEc:eee:jomega:v:4:y:1976:i:1:p:67-77
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0305-0483(76)90040-2
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    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:eee:jomega:v:4:y:1976:i:1:p:67-77. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.