Research Reports from the Department of Operations

Document Type

Report

Publication Date

8-1-1968

Abstract

A study is made of the process by which basic research is funded in a mission-oriented agency of the federal government, with particular attention to the Office of Naval Research. To provide a rationale for improved funding procedures, a model is developed to associate a value with a research portfolio. Two models are developed, the first in the case where funding is made on the basis of supporting science per se, the second corresponds to the case where funding is made on the basis of mission-relatedness. An optimum portfolio would maximize the combined value of mission oriented and science oriented research subject to budget and other constraints.

Keywords

Military research, Operations research, Research and development projects--Cost effectiveness, United States. Office of Naval Research

Publication Title

Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University

Issue

Technical memorandum no. 128

Rights

This work is in the public domain and may be freely downloaded for personal or academic use

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