The utility of the "Techno-Dynamics Model" for decisions in research and development investment: the case for Japanese industries

This paper focuses on the importance of R&D investment decision that often becomes one of the major concerns for the area of technology management. The study intends to construct a model relative to the decision support of the total amount of R&D investment, while it also attempts to analyze the distribution decision of research funds for different scientific activities. These objectives in mind, the paper tries to build a "Techno-Dynamics Model." In validating the model, the paper has simulated the form in six different industrial fields of Japan. In the end, the "Techno-Dynamics Model" is probed to be extremely useful. It helps business administrators or R&D managers to make accurate and appropriate decisions of their investments for fundamental technologies.