Title :
Assessing cost/benefits of research and development investments
Author :
Rouse, William B. ; Boff, Kenneth R. ; Thomas, Beverly G Sutley
Author_Institution :
Enterprise Support Syst., Norcross, GA, USA
fDate :
7/1/1997 12:00:00 AM
Abstract :
A methodology is presented for assessing the economic and noneconomic cost/benefits of investments in research and development. It is argued that the most difficult aspect of cost/benefit analysis is not calculation, but representation of stakeholders, products, benefits, and costs. A stakeholder-based methodology is described that focuses on these representation issues. Use of this methodology is illustrated with a case study of a long-term government research and development (R&D) program
Keywords :
cost-benefit analysis; economics; investment; research and development management; benefit assessment; cost assessment; cost/benefit analysis; long-term government R&D program; research and development investments; stakeholder-based methodology; Context; Cost benefit analysis; Decision making; Economic forecasting; Ergonomics; Government; Investments; Laboratories; Research and development; Resource management;
Journal_Title :
Systems, Man and Cybernetics, Part A: Systems and Humans, IEEE Transactions on
DOI :
10.1109/3468.594907
