Recent Advances in R&D Benefit Measurement and Project Selection Methods

Abstract

The purpose of this paper is to provide a current assessment of the literature addressed to quantitative models of the R and D project selection and resource allocation decision. In order to facilitate the critique and assessment the literature is somewhat arbitrarily divided into benefit measurement and resource allocation methods. The strengths and limitations of existing knowledge are identified with an emphasis on empirical investigations. Several research areas are identified and briefly described.