Title :
First experiences with a ranking method for portfolio selection in applied research
Author_Institution :
British Petroleum Co. Ltd., Sunbury-on-Thames, UK
Abstract :
Starting from the premise that commercial research aims to maximize the expected profitability for a given expenditure on research, a Profitability Index is derived based on a decision tree concept. The practical application of this Profitability Index at the British Petroleum Company Limited´s Sunbury Research Centre in the context of research sponsored by several departments is then described.
Keywords :
research and development management; applied research; decision tree concept; expected profitability; portfolio selection; profitability index; ranking method; Companies; Decision making; Decision trees; Indexes; Portfolios; Profitability;
Journal_Title :
Engineering Management, IEEE Transactions on
DOI :
10.1109/TEM.1974.6448494
