R and D project selection: Where we stand

Abstract

A review of the literature on R and D project selection and an analysis of interview data suggests that there is a lack of testing and use of the methods proposed. Several OR-MS methods are identified and their current status is indicated. Three representative procedures are examined in some detail. It is argued that both a lack of testing concerning feasibility and shortcomings of the models themselves, help to explain why the methods have not been used. Some of these shortcomings are identified and discussed. Implications for future research are presented.