On closed-form solutions of a resource allocation problem in parallel funding of R & D projects

Date

2000

Authors

Gürler, Ü.
Pınar, M. Ç.
Jelassi, M. M.

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Abstract

In order to reduce the risk of complete failure, research managers often adopt a parallel strategy by simultaneously funding several R&D activities and several research teams within each activity. The parallel strategy requires the allocation of an available budget to a number of R&D activities, the determination of the number of research teams within each activity and the amount of funding they receive. We consider a formulation of this problem as a nonlinear resource allocation problem by Gerchak and Kilgour, IEE Trans. 31 (2) (1999) 145, and present a sufficient condition as a function of problem parameters, under which closed-form solutions to the problem are obtained. (C) 2000 Elsevier Science B.V. All rights reserved.

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Operations Research Letters

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Elsevier

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Published Version (Please cite this version)

Language

English