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The R&D funding decision: the need for a systemic approach

Author

Listed:
  • Mike Towler
  • Jonathan D. Moizer

Abstract

There is an abundance of techniques for selecting between potential R&D projects. A brief taxonomy of these indicates the importance of the role of both dynamics and learning in such evaluations. This may be an implicit indication that a systemic feature to the funding decision is required. System Dynamics (SD) then seems to be an appropriate method to explore resource allocation within R&D. Insight models using system dynamics further highlight the systemic nature of resource allocation decisions and a simple model confirms the importance of soft factors in such decisions. Hence we argue the need to develop and use a systemic approach to R&D resource allocation decisions.

Suggested Citation

  • Mike Towler & Jonathan D. Moizer, 2008. "The R&D funding decision: the need for a systemic approach," International Journal of Management and Decision Making, Inderscience Enterprises Ltd, vol. 9(4), pages 402-414.
    • Handle: RePEc:ids:ijmdma:v:9:y:2008:i:4:p:402-414
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