Representation and Analysis of Multi-Stage Problems in R & D

The paper describes a method of representing and analysing the multi-stage, dynamic nature of many types of research and development projects. The method makes use of a number of well-known techniques, decision trees, mathematical programming and simulation in combination. Each project which could form part of a laboratory portfolio is represented in a modified decision tree format called a “project tree,” and the project trees are then considered in one analysis based on heuristics. The approach is demonstrated using a small illustrative example, and an industrial case study is described, giving attention to computational problems of size.

• 저널Management Science · 19(8) · 947–960
• 토픽Manufacturing Process and Optimization · Industrial and Manufacturing Engineering
• DOI10.1287/mnsc.19.8.947
• 저자A. G. Lockett, A. E. Gear