About this issue

The first component of this month´s editorial is an advance notice for the November 1974 special joint issue with the British Journal R & D Management. Cooperation with that relatively new journal was described in the editorial of the November 1973 issue. The general plan for the joint issue — on the important subject of “project selection and resource allocation in R&D” — was to select a number of U.S. and European articles in a mixture of new, as yet unpublished ones and some reprints. An attempt is being made to include as many articles as practical on actual applications of project selection and related models, rather than to emphasize primarily theoretical or hypothetical approaches. Readers of this TRANSACTIONS and R & D Management will have to judge how well that balance was achieved.