Title :
An evaluation of some methods for determining the R&D budget
Author :
Naslund, B. ; Sellstedt, B.
Author_Institution :
Univ. Stockholm, Sweden
Abstract :
Three methods suggested in the literature are described and compared. Their relationship to business practice is discussed. It is shown that some very large differences exist between the theoretical models and the behavior of the firms. Some suggestions are made regarding how the differences can be lessened.
Keywords :
budgeting; evaluation; modelling; research and development management; business practice; research and development budget; theoretical models; Biological system modeling; Companies; Investments; Marketing and sales; Production; Research and development; Technological innovation;
Journal_Title :
Engineering Management, IEEE Transactions on
DOI :
10.1109/TEM.1974.6448459
