Efficient Allocation of Research Funds: Economic Evaluation Methods with Case Studies in Building Technology (Classic Reprint) Paperback -

The r&d professional has essentially been interested in only technical performance. Cost and time have been considered as unnatural constraints in the scientific environment. But they cannot be ignored because they are scarce and vital resources. Skillful management of these and all other productive resources in research and development is necessary in order to maximize accomplishment and meet the challenge of a changing technology. As r&d projects have become larger and more complex, scientific activities have come to transcend the responsibility or interest of a single individual or even organization. Information and communication are tremendously important because duplication of effort is wasteful and omission can be disastrous.

Research and development do not easily lend themselves to evaluation. Projects are generally authorized on the basis of time, cost, and performance estimates of the scientists involved.

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