Criteria For The Allocation Of Resources To Research And Development

The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

The Research Analysis Corporation (RAC) has developed a quantitative resource allocation model designed to assist the manager of a major government research and development (R and D) program in evolving better strategies for the allocation of resources to R and D individual programs. This computer-based model (MEASURE I) permits rapid evaluation and comparison of alternative resource allocation strategies which offer the decision maker a wide range of choices in terms of costs, benefits, and other consequences. Having once established the relative worth of the program elements by means of the model, the R and D decision maker can perform an on-line examination of the consequences of alternative strategies and budgets to select that strategy which best meets his stated objectives. Unique features of this model include consideration of the broad spectrum of R and D from pure research to pre-production development. (Author).