A Bidding Mechanism for Resource Constrained R&D Project Selection

Author

Shou, Yongyi

Author_Institution

Sch. of Manage., Zhejiang Univ., Hangzhou

Volume

2

fYear

2006

fDate

21-23 June 2006

Firstpage

685

Lastpage

688

Abstract

R&D management is a crucial area for modern organizations since R&D plays a critical role in creating and sustaining competitive advantages. Allocating scarce resources among a variety of projects is a continual challenge for R&D management. In this paper a bidding mechanism is proposed to select an appropriate R&D project portfolio without violating the obligatory resource constraints. The bidding process is virtually a multi-round auction for R&D resources. An example with several R&D projects is used to illustrate the proposed bidding mechanism for selecting R&D project portfolios

Keywords

organisational aspects; research and development management; resource allocation; bidding mechanism; organizations; research and development management; research and development project portfolio; resource allocation; Constraint optimization; Data envelopment analysis; Humans; Portfolios; Project management; Proposals; Research and development; Research and development management; Resource management; Technological innovation;

fLanguage

English

Publisher

ieee

Conference_Titel

Management of Innovation and Technology, 2006 IEEE International Conference on

Conference_Location

Singapore, China

Print_ISBN

1-4244-0147-X

Electronic_ISBN

1-4244-0148-8

Type

conf

DOI

10.1109/ICMIT.2006.262307

Filename

4037105