search query: @author Childs, P. / total: 2
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| Author: | Childs, P. Triantis, A. |
| Title: | Dynamic R&D investment policies |
| Journal: | Management Science
1999 : OCT, VOL. 45:10, p. 1359-1377 |
| Index terms: | MANAGEMENT R&D INVESTMENT |
| Language: | eng |
| Abstract: | This paper examines dynamic R&D investment policies and the valuation of R&D programs in a contingent claims framework. The authors incorporate the following characteristics of R&D programs into their model: learning-by-doing, collateral learning between different projects in the program, interaction between product cash flows, periodic reevaluations of the program, different intensities of investment, capital rationing constraints, and competition. |
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