Research and development project selection in the public sector
Bibliographic Data
| ID | 11680739 |
|---|---|
| Authors | Nicholas Spyridon Vonortas (0000-0002-6745-4926, George Washington University, corresponding author), Henry R Hertzfeld (0000-0002-8389-5262, George Washington University) |
| Year | 1998 |
| Volume | 17 |
| Issue | 4 |
| Pages | 621-638 |
| Publication date | 1998-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Policy Analysis and Management (JOURNAL) |
| Journal identifiers | ISSN: 0276-8739 • E-ISSN: 1520-6688 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/(sici)1520-6688(199823)17:4<621::aid-pam2>3.0.co;2-i |
| OpenAlex | W2090922267 |
| Language | EN |
| References cited | 1 |
This article argues for an innovative methodology to appraising (ex ante) longer-term strategic research and development (R&D) investments. This methodology reflects the inherent value of such R&D in terms of opening up opportunities (but not obligations) for investment in new technological areas with potentially substantial returns. Although corporate R&D managers and public administrators describe the merits of long-term research on these grounds, only recently has the qualitative argument been replaced by the foundations of a methodology capable of quantifying this inherent value of R&D. Such a methodology could also facilitate a transition toward the use of more appropriate discount rates other than the unvarying rates of traditional methodologies
Argument (complex analysis · Business · Economics · Economy · Ex-ante · Investment (military · Macroeconomics · Political science · Public sector · Selection (genetic algorithm · Term (time · Value (mathematics · Capital Investment and Risk Analysis · Climate Change Policy and Economics · Computer Science · Housing Market and Economics · Innovation Policy and RD
| Citation velocity | historical |
|---|---|
| Highly cited | No |