Title :
Some issues concerning the effectiveness of parallel strategies in R&D projects
Author_Institution :
Stanford Univ., Palo Alto, CA, USA
Abstract :
This paper explores the effect of learning by determining the rate of learning that best explains the pattern of choice and outcome in 21 actual R&D projects. A fairly slow, rather than rapid rate of learning is found to be significantly associated with the pattern of choice and outcome realized in the cases that are analyzed. The methodology and implications of the results are discussed.
Keywords :
decision theory and analysis; research and development management; Atomic Submarine Program; Manhattan Project; R and D projects; SST Program; broad uncertainty; decision making; parallel strategies; rate of learning; research and development project; spectacular programs; unfortunate choices; Aircraft; Decision making; Laboratories; Organizations; Procurement; Propulsion; Uncertainty;
Journal_Title :
Engineering Management, IEEE Transactions on
DOI :
10.1109/TEM.1971.6447135
