Development and marketing strategies for a class of R and D projects, with time independent stochastic returns

Abraham Mehrez

RAIRO - Operations Research - Recherche Opérationnelle (1983)

  • Volume: 17, Issue: 1, page 1-13
  • ISSN: 0399-0559

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Mehrez, Abraham. "Development and marketing strategies for a class of R and D projects, with time independent stochastic returns." RAIRO - Operations Research - Recherche Opérationnelle 17.1 (1983): 1-13. <http://eudml.org/doc/104822>.

@article{Mehrez1983,
author = {Mehrez, Abraham},
journal = {RAIRO - Operations Research - Recherche Opérationnelle},
keywords = {development and marketing strategies; R and D projects; time independent stochastic returns; sensitivity analysis; measure of the expected value of perfect information; optimal spending policies; optimal control; loss functions},
language = {eng},
number = {1},
pages = {1-13},
publisher = {EDP-Sciences},
title = {Development and marketing strategies for a class of R and D projects, with time independent stochastic returns},
url = {http://eudml.org/doc/104822},
volume = {17},
year = {1983},
}

TY - JOUR
AU - Mehrez, Abraham
TI - Development and marketing strategies for a class of R and D projects, with time independent stochastic returns
JO - RAIRO - Operations Research - Recherche Opérationnelle
PY - 1983
PB - EDP-Sciences
VL - 17
IS - 1
SP - 1
EP - 13
LA - eng
KW - development and marketing strategies; R and D projects; time independent stochastic returns; sensitivity analysis; measure of the expected value of perfect information; optimal spending policies; optimal control; loss functions
UR - http://eudml.org/doc/104822
ER -

References

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  1. 1. C. ALDRICH and Th. E. MORTON, Optimal Funding Paths for a Class of "Risky R and D Projects", Management Science, Vol. 21, (5), January 1975, pp.491-500. Zbl0308.90006MR408845
  2. 2. Th. S. FERGUSON, Mathematical Statistics: A Decision Theoretic Approach, A Series of Monographs and Textbooks, Academic Press, 1967. Zbl0153.47602MR215390
  3. 3. P. FREEMAN and A. E. GEAR, A Probabilistic Objective Function from R and D Portfolio Selection, Operations Research Quarterly, Vol. 22, (3), September 1971, pp. 253-265. Zbl0224.90074
  4. 4. GUNDERSON, S. HARVEY, G. MORRIS and H. E. THOMPSON, Stochastic Programming with Resource: A Modification from an Application Viewpoint, Journal of the Operational Research Society, Vol. 29,(8), August 1978, pp.769-778. Zbl0381.90083
  5. 5. M. I. KAMIEN and N. L. SCHWARTZ, Expenditure Patterns for Risky R and D Projects, Journal of Applied Probability, Vol. VIII, (1), March 1971, pp.60-72. Zbl0219.90003MR282641
  6. 6. M. L. KAMIEN and N. L. SCHWARTZ, Timing of Innovation under Rivalry, Econometrica, Vol. 40, (1), January 1972, pp.43-60. Zbl0258.90005
  7. 7. R. E. LUCAS, Optimal Management of a Research and Development Project, Management Science, Vol. VII, (1), July, 1971, pp.679-697. Zbl0238.90014MR307687
  8. 8. A. MADANSKY, Inequalities for Stochastic Linear Programming Problem, Management Science, Vol. 6, 1960, pp. 197-204. Zbl0995.90601MR110581
  9. 9. E. MANSFIELD and S. WAGNER, Organization and Strategic Factors Associated with Probabilities of Success in Industrial R and D, The Journal of Business, The Graduate School of Business of the University of Chicago, Vol. 48, (2), April, 1975, pp. 179-198. 
  10. 10. Th. A. MARSCHAK, Toward a Normative Theory of Development, in Th. A. MARSCHAK, Th. K. Jr. GLENNAN and R. SUMMERS, Eds., Strategy for R and D: Studies in the Microeconomics of Development, NewYork, Springer-Verlag, 1967. 
  11. 11. A. MEHREZ, An Analysis of Uncertain Risky R and D/I Decision, doctoral dissertation, Johns Hopkins University, 1978. 
  12. 12. F. M. SHERER, Research and Development Resource Allocation Under Rivalry, Quarterly Journal of Economics, Vol. 81, (3), August 1967, pp. 359-395. 
  13. 13. D. W. WALKUP and R. J. B. WETS, Stochastic Programs with Resource, Si Journa of Applied Mathematics, Vol. 15, 1967, pp. 1299-1314. Zbl0203.21806MR233589

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