Title :
A managerial approach to research and development cost-effectiveness evaluation
Author :
Kuwahara, Yutaka ; Takeda, Yasutsugu
Author_Institution :
Hitachi Ltd., Tokyo, Japan
fDate :
5/1/1990 12:00:00 AM
Abstract :
An overall research and development (R&D) cost-effectiveness evaluation system that is currently in operation is described and discussed. Evaluation is done on several cross sections of R&D management. For use with several usage objectives of cost effectiveness, some variations of the figure of merit (FOM) are shown. The FOM indicates R&D danger symptoms, especially on promising future trunk-line products. The authors conclude that cost-effectiveness evaluation can be used strategically by taking into consideration the phase of research, the product´s life cycle, and future growth factors. Some prospects and analysis for future R&D are reviewed and discussed
Keywords :
research and development management; cost-effectiveness evaluation; figure of merit; managerial approach; product life cycle; research and development; Costs; Guidelines; Investments; Laboratories; Marketing and sales; Product development; Proposals; Research and development; Research and development management; Strategic planning;
Journal_Title :
Engineering Management, IEEE Transactions on
