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Allocation of Scarce Resources to Agricultural Research: Review of Methodology

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  • C. Richard Shumway

Abstract

With an increasing stress on research budgets, the impetus for investigation of alternative models for managing research is growing. Much work has been invested already in technique development. To precede additional research, the current state-of-the-art in resource allocation methodology pertinent to agricultural research management is presented. The focus is on quantitative approaches for improving internal consistency of subjective judgments. The marginal principle is applicable to the selection of an optimal investment in management, and a rudimentary framework for implementing that principle is suggested.

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  • C. Richard Shumway, 1973. "Allocation of Scarce Resources to Agricultural Research: Review of Methodology," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(4_Part_1), pages 557-566.
    • Handle: RePEc:oup:ajagec:v:55:y:1973:i:4_part_1:p:557-566.
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    File URL: http://hdl.handle.net/10.2307/1238340
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    Cited by:

    1. Shumway, C. Richard, 1976. "Discussion of Agricultural Economics and the Changing Structure of Higher Education," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 8(1), pages 53-55, July.
    2. Scobie, Grant M., 1984. "Investment in Agricultural Research: Some Economic Principles," Economics Working Papers 232447, CIMMYT: International Maize and Wheat Improvement Center.
    3. Sellen, Daniel & Goddard, Ellen W., 1997. "Research And Advertising Decisions In An Open Economy: The Case Of Colombian Milds Coffee," Journal of Food Distribution Research, Food Distribution Research Society, vol. 28(2), pages 1-13, July.
    4. Norton, George W. & Davis, Jeffrey S., 1979. "Review Of Methods Used To Evaluate Returns To Agricultural Research," Staff Papers 13520, University of Minnesota, Department of Applied Economics.
    5. Easter, K. William & Norton, George W., 1976. "Estimates Of Potential Returns From Added Research Budget For The Land Grant Universities," Staff Papers 13464, University of Minnesota, Department of Applied Economics.
    6. Sellen, Daniel & Goddard, Ellen & Duff, Stephen, 1997. "Returns from Research and Advertising in the North American Hog and Pork Industry," Economic Analysis of Research and Promotion, March 21-22, 1997, New Orleans, Louisiana 279675, Regional Research Projects > NECC-63: Research Committee on Commodity Promotion.
    7. Greig, I.D., 1981. "Agricultural Research Management and the Ex Ante Evaluation of Research Proposals : A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 49(02), pages 1-22, August.
    8. Eidman, Vernon R., 1974. "Discussion: The Systems Approach -- Research Or Research Management," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 6(1), pages 1-3, July.

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