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Allocation of research and development funds: A zero-one goal programming approach

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  • Keown, Arthur J
  • Taylor, Bernard W
  • Duncan, Calvin P

Abstract

The research and development project selection process is one of the most difficult and important problems faced by management. It is typically complicated by indivisibility of projects and multiple and conflicting objectives, in addition to limitations on funding, facilities, and qualified researchers. In this paper a case example involving a high technology electrical equipment manufacturer is developed to illustrate this problem using zero--one goal programming to accommodate indivisibility of projects in addition to multiple and conflicting goals. The model presented is an attempt to provide managers with a robust tool for allocating scarce resources among research and development projects.

Suggested Citation

  • Keown, Arthur J & Taylor, Bernard W & Duncan, Calvin P, 1979. "Allocation of research and development funds: A zero-one goal programming approach," Omega, Elsevier, vol. 7(4), pages 345-351.
    • Handle: RePEc:eee:jomega:v:7:y:1979:i:4:p:345-351
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    Cited by:

    1. C-C Chang & R-S Chen, 2007. "Project advancement and its applications to multi-air-route quality budget allocation," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 58(8), pages 1008-1020, August.
    2. Medaglia, Andres L. & Graves, Samuel B. & Ringuest, Jeffrey L., 2007. "A multiobjective evolutionary approach for linearly constrained project selection under uncertainty," European Journal of Operational Research, Elsevier, vol. 179(3), pages 869-894, June.
    3. Supachart Iamratanakul, 2013. "The Selection of Project in Rapid Environment’s Industry Using Zero Based Budget," Diversity, Technology, and Innovation for Operational Competitiveness: Proceedings of the 2013 International Conference on Technology Innovation and Industrial Management,, ToKnowPress.

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