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Application of Operations Research to Development Decisions

Author

Listed:
  • Burton Klein

    (Economics Division, The Rand Corporation, Santa Monica, California)

  • William Meckling

    (Economics Division, The Rand Corporation, Santa Monica, California)

Abstract

It is the main argument of this paper that an efficient allocation of the development budget is a very different sort of a problem from the efficient conduct of a current operation. We attempt to show that the problem is essentially not one of choosing among specific end-product alternatives, but rather a problem of choosing a course of action initially consistent with a wide range of such alternatives, and of narrowing the choice as development proceeds. The implications, for the analyst, of viewing the development problem as this kind of problem are sketched in the concluding section of the paper.

Suggested Citation

  • Burton Klein & William Meckling, 1958. "Application of Operations Research to Development Decisions," Operations Research, INFORMS, vol. 6(3), pages 352-363, June.
    • Handle: RePEc:inm:oropre:v:6:y:1958:i:3:p:352-363
    DOI: 10.1287/opre.6.3.352
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    Citations

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    Cited by:

    1. Geyer, Anton & Davies, Andrew, 2000. "Managing project-system interfaces: case studies of railway projects in restructured UK and German markets," Research Policy, Elsevier, vol. 29(7-8), pages 991-1013, August.
    2. Derek Walker & Beverley Lloyd-Walker, 2016. "Understanding Collaboration in Integrated Forms of Project Delivery by Taking a Risk-Uncertainty Based Perspective," Administrative Sciences, MDPI, vol. 6(3), pages 1-17, August.
    3. Ronald Klingebiel & Peter Esser, 2020. "Stage-Gate Escalation," Strategy Science, INFORMS, vol. 5(4), pages 311-329, December.
    4. Ellerman, David, 2001. "Hirschmanian themes of social learning and change," Policy Research Working Paper Series 2591, The World Bank.
    5. Mark Matthews & Tom Kompas, 2015. "Coping with Nasty Surprises: Improving Risk Management in the Public Sector Using Simplified Bayesian Methods," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 2(3), pages 452-466, September.
    6. Davies, Andrew & Manning, Stephan & Söderlund, Jonas, 2018. "When neighboring disciplines fail to learn from each other: The case of innovation and project management research," Research Policy, Elsevier, vol. 47(5), pages 965-979.
    7. Stuart Evans & Homa Bahrami, 2020. "Super-Flexibility in Practice: Insights from a Crisis," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(3), pages 207-214, September.
    8. Sylvain Lenfle, 2018. "Projects, Agency and the Multi-Level Perspective: Insights from Numerical Weather Prediction," Post-Print hal-03640771, HAL.
    9. Sylvain Lenfle, 2017. "Projects, Agency and the Multi-Level Perspective," Post-Print hal-01574741, HAL.
    10. Bernard Paulré, 2001. "Enjeux et dilemmes de l'économie cognitive," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00135486, HAL.
    11. David Ellerman, 2014. "Parallel experimentation: a basic scheme for dynamic efficiency," Journal of Bioeconomics, Springer, vol. 16(3), pages 259-287, October.
    12. Lenfle, Sylvain & Söderlund, Jonas, 2022. "Project-oriented agency and regeneration in socio-technical transition: Insights from the case of numerical weather prediction (1978–2015)," Research Policy, Elsevier, vol. 51(3).
    13. Robert B. Handfield & James Aitken & Neil Turner & Tillmann Boehme & Cecil Bozarth, 2022. "Assessing Adoption Factors for Additive Manufacturing: Insights from Case Studies," Logistics, MDPI, vol. 6(2), pages 1-22, June.
    14. Bernard Paulré, 2001. "Enjeux et dilemmes de l'économie cognitive," Working Papers halshs-00135486, HAL.
    15. Sylvain Lenfle, 2011. "The strategy of parallel approaches in projects with unforeseeable uncertainty: the Manhattan case in retrospect," Post-Print hal-00658346, HAL.
    16. Sylvain Lenfle & Christoph Loch, 2017. "Has Megaproject management lost its way ? Lessons from History," Post-Print hal-03640779, HAL.

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