R&D world: Simulation-based analysis of R&D enterprises

IIE Annual Conference and Exposition 2005

Volumn , Issue , 2005, Pages

  Bodner, Douglas A ^a   Rouse, William B ^a  

^a Georgia Institute of Technology   (United States)

Author keywords

Organizational simulation; Project selection; R D; Real options

Indexed keywords

COMPUTER SIMULATION; DECISION MAKING; INDUSTRIAL MANAGEMENT; PROJECT MANAGEMENT; SOCIETIES AND INSTITUTIONS; STRATEGIC PLANNING; SUSTAINABLE DEVELOPMENT; UNCERTAIN SYSTEMS;

FUTURE STRATEGIC ADVANTAGES; ORGANIZATIONAL SIMULATION; PROJECT SELECTION; REAL OPTIONS;

RESEARCH AND DEVELOPMENT MANAGEMENT;

EID: 33749268339     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: None     Document Type: Conference Paper

References (20)

1. Abramowitz, M., and Stegun, I. A., 1964. Handbook of Mathematical Functions, National Bureau of Standards, Washington, DC.
2. Black, F., and Scholes, M., 1973. "The Pricing of Options and Corporate Liabilities." Journal of Political Economy, 81(3), 637-659.
3. Bodner, D. A., and Rouse, W. B., 2005, "Simulation Analysis of Multi-Stage R&D Systems: An Initial Experiment," working paper. Tennenbaum Institute, Georgia Institute of Technology.
4. Boer, F. P., 2000, "Valuation of Technology Using 'Real Options.'" Research Technology Management, 43(4), 26-30.
5. Cassimon, D., Engelen, P. J., Thomassen, L., and Van Wouwe, M., 2004. "The Valuation of a NDA Using a 6-Fold Compound Option," Research Policy, 33(1), 41-51.
6. Cox, J. C., Ross, S. A., and Rubinstein, M., 1979. "Option Pricing: a Simplified Approach," Journal of Financial Economics, 7(3), 229-263.
7. Faulkner, T. W., 1996, "Applying 'Options Thinking' to R&D Valuation," Research Technology Management, 39(3), 50-56.
8. Geske, R., 1979, "The Valuation of Compound Options," Journal of Financial Economics, 7(1), 63-71.
9. Hansen, K. F., Weiss, M. A., and Kwak, S., 1999, "Allocating R&D Resources: A Quantitative Aid to Management Insight," Research Technology Management, 42(4), 44-50.
10. Herath, H. S. B., and Park, C. S., 1999, "Economic Analysis of R&D Projects: An Options Approach," The Engineering Economist, 44(1), 1-35.
11. Mujtaba, M. S., 1994, "Simulation Modelling of Manufacturing Enterprise with Complex Material, Information and Control Flows." International Journal of Computer Integrated Manufacturing, 7(1), 29-46.
12. Myers, S. C., 1984, "Finance Theory and Financial Strategy," Interfaces, 14(1), 126-137.
13. National Science Board, 2004, "Science and Engineering Indicators 2004," http://www.nsf.gov/sbe/srs/seind04/start.htm.
14. Papadimitrou, C. H., and Steiglitz, K., 1982. Combinatorial Optimization: Algorithms and Complexity, Prentice-Hall, Englewood Cliffs, NJ.
15. Panayi, S., and Trigeorgis, L., 1998. "Multi-Stage Real Options: The Cases of Information Technology Infrastructure and International Bank Expansion." The Quarterly Review of Economics and Finance. 38, 675-692.
16. Pennings, E., and Lint, O., 1997. "The Option Value of Advanced R&D," European Journal of Operational Research. 103(1), 83-94.
17. Rouse, W. B., 2004. "Option-Based Valuation of Multi-Stage Investments: Research Issues & Potential Approaches," working paper. Tennenbaum Institute. Georgia Institute of Technology.
18. Rouse, W. B., and Boff, K. R., 2004, "Value-Centered R&D Organizations: Ten Principles for Characterizing. Assessing, and Managing Value," Systems Engineering. 7(2), 167-185.
19. Rouse, W. B., and Boff, K. R., in press. Organizational Simulation, John Wiley, New York.
20. Trigeorgis, L., 1996. Real Options: Managerial Flexibility and Strategy in Resource Allocation, The MIT Press, Cambridge, MA.