• DocumentCode
    946036
  • Title

    A Stochastic Model for Determining the Size and Allocation of the Research Budget

  • Author

    Freeman, Raoul J.

  • Author_Institution
    General Analysis Corp., Los Angeles, Calif.
  • Issue
    1
  • fYear
    1960
  • fDate
    3/1/1960 12:00:00 AM
  • Firstpage
    2
  • Lastpage
    7
  • Abstract
    An analytical method is presented for determining the size of the research budget and allocating it among competing projects. A stochastic model is utilized. The over-all profit-maximization of the firm is used as a framework. A hypothetical example is given to illustrate the method.
  • Keywords
    Atomic measurements; Costs; Distribution functions; Industrial economics; Laboratories; Personnel; Project management; Proposals; Resource management; Stochastic processes;
  • fLanguage
    English
  • Journal_Title
    Engineering Management, IRE Transactions on
  • Publisher
    ieee
  • ISSN
    0096-2252
  • Type

    jour

  • DOI
    10.1109/IRET-EM.1960.5007523
  • Filename
    5007523
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=946036