The selection of R&D program content — Survey of quantitative methods

A model for the selection of interdependent R&D projects

“…The first consists of a probability associated with each project, i.e., the probability that the project will succeed under the assumption that any project that is technically dependent upon it is not funded. 5 The vector of these probabilities is P* = (P1*,P2V-%PA~'PJ*)…”

“…there have been at least nine major efforts to review and summarize the state-of-the-art in project selection techniques. Four of these reviews [1], [5], [6], [10] fail to mention project specific dependencies, and three others [2], [3], [9] explicitly note that a major limi tation of existing models is their failure to include project interdependencies. In one of the most recent and complete reviews.…”

A review of some recent developments in portfolio modelling in applied research and development

“…Theoretical reviews have been given by Baker [1], Cetron [2] and Gear [3]. A survey into the evaluation and control procedures used by 112 companies from the "Times 300" was carried out by Allen [4] in 1968.…”

“…At the present time very few organizations appear to be using the more complex, portfolio based, resource allocation models proposed in the theoretical literature (reviewed in references [1], [2], [3]). These models have considerable appeal from a theoretical viewpoint.…”

Management of Sectorial Technology Chains and Integral Evaluation of Potential Projects on Innovation Technology

“…This selected set of criteria that are suggested for the integral evaluation of projects, has been selected as result of an exploratory documents study [5], [6], [8], [1], and [2]; but in addition and mainly, we considered surveys, interviews and workshop organized by ACOLTEC-Colombian Association for Management of Technology, in order to know the preferences by methods used by managers originating projects in industrial companies, technological research and development centers, managers of university technological services, and directors of governmental organizations of promotion to science and the technology. At the moment, The Colombian Institute for Development of Science and the Technology -COLCIENCIAS have adapted and adopted a set of criteria for the ex-ante evaluation of the innovation projects and technological development from the study made by ACOLTEC and financed by COLCIENCIAS in 1998 [7].…”