A MODEL FOR RESEARCH-AND-DEVELOPMENT PROJECT SELECTION WITH COMBINED BENEFIT, OUTCOME AND RESOURCE INTERACTIONS

Authors
SCHMIDT RL
Citation
Rl. Schmidt, A MODEL FOR RESEARCH-AND-DEVELOPMENT PROJECT SELECTION WITH COMBINED BENEFIT, OUTCOME AND RESOURCE INTERACTIONS, IEEE transactions on engineering management, 40(4), 1993, pp. 403-410
Citations number
NO
Categorie Soggetti
Business,Management,Engineering
Journal title
IEEE transactions on engineering management → ACNP
ISSN journal
00189391
Volume
40
Issue
4
Year of publication
1993
Pages
403 - 410
Database
ISI
SICI code
0018-9391(1993)40:4<403:AMFRPS>2.0.ZU;2-2
Abstract
Capital budgeting of R & D projects is complicated by several types of interactions. Three types of interactions are generally recognized to occur within a set of projects: benefit interactions, resource intera ctions, and outcome interactions. This paper presents a model that acc ounts for the combined effect of benefit, outcome, and resource intera ctions within a single set of projects. The model also allows for the allocation of several different resources. A branch and bound algorith m is presented to solve the resulting nonlinear integer program with m ultiple quadratic constraints.