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Resource allocation in speculative chemical research

Published online by Cambridge University Press:  14 July 2016

J. C. Gittins
J. C. Gittins*
Affiliation:
University Engineering Department, Cambridge
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Abstract

A stochastic theory is given for speculative industrial chemical research. It is shown how the theory may be used to suggest a suitable balance between long-term and short-term projects.

Keywords

RESOURCE ALLOCATIONCHEMICAL RESEARCH
Type
Research Papers
Information
Journal of Applied Probability , Volume 11 , Issue 2 , June 1974 , pp. 255 - 265
Copyright
Copyright © Applied Probability Trust 1974 

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References

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