Title :
A Bidding Mechanism for Resource Constrained R&D Project Selection
Author_Institution :
Sch. of Manage., Zhejiang Univ., Hangzhou
Abstract :
R&D management is a crucial area for modern organizations since R&D plays a critical role in creating and sustaining competitive advantages. Allocating scarce resources among a variety of projects is a continual challenge for R&D management. In this paper a bidding mechanism is proposed to select an appropriate R&D project portfolio without violating the obligatory resource constraints. The bidding process is virtually a multi-round auction for R&D resources. An example with several R&D projects is used to illustrate the proposed bidding mechanism for selecting R&D project portfolios
Keywords :
organisational aspects; research and development management; resource allocation; bidding mechanism; organizations; research and development management; research and development project portfolio; resource allocation; Constraint optimization; Data envelopment analysis; Humans; Portfolios; Project management; Proposals; Research and development; Research and development management; Resource management; Technological innovation;
Conference_Titel :
Management of Innovation and Technology, 2006 IEEE International Conference on
Conference_Location :
Singapore, China
Print_ISBN :
1-4244-0147-X
Electronic_ISBN :
1-4244-0148-8
DOI :
10.1109/ICMIT.2006.262307
