Research Reports from the Department of Operations

Document Type

Report

Publication Date

6-30-1964

Abstract

Recent developments in allocation theory may be applied to research management decision problems in the firm. Of major importance in technical based firms are problems involving the specification and allocation of such technical resources as manpower, funds, equipment, and facilities. Initial steps in the solution of company technical resource allocation problems involve the specification of corporate objectives and their transformation into research objectives and goals. Quantitative research organizational measures of performance must be derived which are consistent with research goals and which include the relevant resource variables, noncontrollable variables, parameters, and constraints. Mathematical models are constructed and solved in this study which yield solutions for allocating technical resources to projects. The significant elements are the uncertainty in estimating parameter values, sequencing of allocation decisions, and optimal use of limited resources.

Keywords

Operations research, Resource allocation, Decision making--Mathematical models, Engineering--Management, Project management--Mathematical models, Business planning, Research and development projects--Management, Performance standards--Mathematical models, Mathematical optimization

Publication Title

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

Issue

Technical memorandum no. 23

Rights

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

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