The Evaluation of Industrial Research and Development Projects

Economists, engineers, and others to formulate and study methods to evaluate industrial research and development R&D projects. In this paper, my purposes are (1) to describe the results of recent studies to measure (ex post) the social benefits from industrial innovations, (2) to indicate the sorts of ex-ante evaluation techniques described in the literature and the extent to which they are used by American firms, (3) to provide measures of the biases and errors contained in ex-ante estimates of development cost, development time, and the profitability of new processes and products, and (4) to indicate the effects on probabilities of success of how quickly ex-ante economic evaluations are made.


Issue Date:
1981
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/49069
Page range:
213-218
Total Pages:
6




 Record created 2017-04-01, last modified 2017-12-13

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