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Life Cycle Perspective of R&D Investment Management: Case Study Approach

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  • Marie Kubáňková
  • Jaroslava Hyršlová

Abstract

The management of R&D activities has become popular among researchers. The need for changes in R&D organization and financial support brings new decision-making issues for the R&D manager. Life cycle concepts help to manage R&D in the whole perspective. The aim of this paper was to examine the life cycle costing for R&D investment appraisal. A case study was realised in a private SME company for the R&D project of the bumblebee laboratory production. The analysis showed the possibility of using life cycle product perspective to control R&D investment. The expenditure was compared to the net income generated during the whole life cycle of the product. This complex evaluation allows to meet the requirements of the R&D management and to support the decision-making process. Using the life cycle perspective the company will gain a tool that will give an evaluation of the R&D's effectiveness and provides an opportunity to manage R&D projects and compare them with others investments.

Suggested Citation

  • Marie Kubáňková & Jaroslava Hyršlová, 2014. "Life Cycle Perspective of R&D Investment Management: Case Study Approach," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2014(3), pages 4-24.
    • Handle: RePEc:prg:jnlefa:v:2014:y:2014:i:3:id:122
    DOI: 10.18267/j.efaj.122
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    References listed on IDEAS

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    More about this item

    Keywords

    Life Cycle Costing; R& D investment; Strategic Management Accounting;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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