Schwartz, S.L.; Vertinsky, I.
November 1977
Management Science;Nov77, Vol. 24 Issue 3, p285
Academic Journal
In evaluating R&D opportunities executives make tradeoffs among three classes of attributes: commitment of resources, expected payoff, and risk. The focus of this study of Canadian top executives and R&D managers is the investigation of these tradeoffs and how they differ among executives and industries. On the basis of judgments of sixty hypothetical projects, alternative individual and group models were estimated using regression and discriminant analysis procedures. The results indicate that linear models provide good fit with observations of R&D investment judgments and that differences in tradeoffs between risk and rates of return can be related to the characteristics of the executives and their work environments. This information is useful for predicting R&D investment portfolios in an environment of changing opportunities.


Related Articles

  • Fuzzy Numbers and MCDM Methods for Portfolio Optimization. Nguyen, Thi T.; Gordon-Brown, Lee N. // World Academy of Science, Engineering & Technology;2012, Issue 72, p368 

    A new deployment of the multiple criteria decision making (MCDM) techniques: the Simple Additive Weighting (SAW), and the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) for portfolio allocation, is demonstrated in this paper. Rather than exclusive reference to mean and...

  • Performance evaluation of ISE30 (Istanbul Stock Exchange) stock certificates and formation of portfolio by using multi-criteria decision making techniques. Ünvan, Yüksel Akay // Communications in Statistics: Case Studies & Data Analysis;2019, Vol. 5 Issue 3, p214 

    Portfolio analysis is done by constructing different models to create the optimum portfolio. The purpose here is to get maximum return with minimum risk. It may not be possible to achieve this through investing on only one stock certificate. Therefore, the best portfolio can be created by...

  • STRATEGY PORTFOLIO OPTIMISATION: A COPRAS G-MODM HYBRID APPROACH. Beheshti, Moein; Mahdiraji, Hannan Amoozad; Zavadskas, Edmundas Kazimieras // Transformations in Business & Economics;2016, Vol. 15 Issue 3C, p500 

    Designing organisational strategies in various businesses is a commonly employed practice; nevertheless, nowadays the strategy portfolio optimisation is one of the major controversial issues. This research proposes an inclusive model to evaluate and select organisational strategies based on the...

  • RISK SHARING AND GROUP DECISION MAKING. Eliashberg, Jehoshua; Winkler, Robert L. // Management Science;Nov81, Vol. 27 Issue 11, p1221 

    In a decision-making problem where a group will receive an uncertain payoff which must be divided among the members of the group, the ultimate payoff of interest is the vector of individual payoffs received by the members of the group. In this paper, preferences are quantified in terms of...

  • R & D PROJECT SELECTION AND MANPOWER ALLOCATION WITH INTEGER NONLINEAR GOAL PROGRAMMING. Taylor III, Bernard W.; Moore, Laurence J.; Clayton, Edward R. // Management Science;Oct82, Vol. 28 Issue 10, p1149 

    A number of recent research efforts in the area of research and development planning have indicated the necessity that the R&D project selection process be viewed as a multi-criteria decision-making problem. As a result, linear 0-1 goal programming, because of its ability to encompass multiple...

  • A mean-CVaR-skewness portfolio optimization model based on asymmetric Laplace distribution. Zhao, Shangmei; Lu, Qing; Han, Liyan; Liu, Yong; Hu, Fei // Annals of Operations Research;Mar2015, Vol. 226 Issue 1, p727 

    In the presence of uncertainty of asset returns, choosing an appropriate risk measure and determining the optimal weights of assets in a portfolio remain formidable and challenging problems. In this paper, we propose and study a mean-conditional value at risk-skewness portfolio optimization...

  • An Interactive Approach for Multi-Attribute Resource Allocation in Grids. Lili Ding; Wanglin Kang; Xinmin Liu // Journal of Software (1796217X);Oct2013, Vol. 8 Issue 10, p2607 

    Auction-based models and protocols introduce money and pricing as the technique for coordination between users and producers of resources in grids. In this paper, we propose a multi-attribute reverse auction protocol to allocate grid resource. In order to enhance the information efficiency we...

  • SELECTING A PORTFOLIO OF SOLAR ENERGY PROJECTS USING MULTIATTRIBUTE PREFERENCE THEORY. Golabi, Kamal; Kirkwood, Craig W.; Sicherman, Alan // Management Science;Feb1981, Vol. 27 Issue 2, p174 

    This article reports a procedure developed to assist the U.S. Department of Energy in selecting a portfolio of solar energy applications experiments. The procedure has also been used in other government procurements and appears to be applicable in a variety of project funding processes. The...

  • Erratum: "Effects of multiple criteria on portfolio optimization". Şakar, Ceren Tuncer; Köksalan, Murat // International Journal of Information Technology & Decision Makin;Mar2014, Vol. 13 Issue 2, p445 

    A correction to the article "Effects of Multiple Criteria on Portfolio Optimization" that was published in Volume 13, Number 1 of the "International Journal of Information Technology & Decision Making" is presented.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics