Funding criteria for research, development, and exploration projects
The sequential nature of activities like research, development, or exploration requires optimal funding criteria to take account of the fact that subsequent funding decisions will be made throughout the future. Thus, there is a continual possibility of reviewing a project's status, based...
| Main Authors: | , |
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| Format: | Technical Report |
| Language: | en_US |
| Published: |
MIT Energy Laboratory
2006
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| Subjects: | |
| Online Access: | http://hdl.handle.net/1721.1/35160 |
| _version_ | 1811074545180737536 |
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| author | Roberts, Kevin W. S. Weitzman, Martin Lawrence |
| author_facet | Roberts, Kevin W. S. Weitzman, Martin Lawrence |
| author_sort | Roberts, Kevin W. S. |
| collection | MIT |
| description | The sequential nature of activities like research, development, or
exploration requires optimal funding criteria to take account of the fact
that subsequent funding decisions will be made throughout the future. Thus,
there is a continual possibility of reviewing a project's status, based
on the latest information. After setting up a model to capture this
feature, optimal funding criteria are investigated. In an important
special case, an explicit formula is derived. As well as throwing light
upon the nature of development activities, the analysis is also relevant
to the general theory of information gathering processes. |
| first_indexed | 2024-09-23T09:51:30Z |
| format | Technical Report |
| id | mit-1721.1/35160 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T09:51:30Z |
| publishDate | 2006 |
| publisher | MIT Energy Laboratory |
| record_format | dspace |
| spelling | mit-1721.1/351602019-04-12T08:38:23Z Funding criteria for research, development, and exploration projects Roberts, Kevin W. S. Weitzman, Martin Lawrence Research |z United States |x Finance. The sequential nature of activities like research, development, or exploration requires optimal funding criteria to take account of the fact that subsequent funding decisions will be made throughout the future. Thus, there is a continual possibility of reviewing a project's status, based on the latest information. After setting up a model to capture this feature, optimal funding criteria are investigated. In an important special case, an explicit formula is derived. As well as throwing light upon the nature of development activities, the analysis is also relevant to the general theory of information gathering processes. 2006-12-19T15:58:38Z 2006-12-19T15:58:38Z 1979-04 Technical Report 06439420 http://hdl.handle.net/1721.1/35160 en_US MIT-EL 79-009 1917605 bytes application/pdf application/pdf MIT Energy Laboratory |
| spellingShingle | Research |z United States |x Finance. Roberts, Kevin W. S. Weitzman, Martin Lawrence Funding criteria for research, development, and exploration projects |
| title | Funding criteria for research, development, and exploration projects |
| title_full | Funding criteria for research, development, and exploration projects |
| title_fullStr | Funding criteria for research, development, and exploration projects |
| title_full_unstemmed | Funding criteria for research, development, and exploration projects |
| title_short | Funding criteria for research, development, and exploration projects |
| title_sort | funding criteria for research development and exploration projects |
| topic | Research |z United States |x Finance. |
| url | http://hdl.handle.net/1721.1/35160 |
| work_keys_str_mv | AT robertskevinws fundingcriteriaforresearchdevelopmentandexplorationprojects AT weitzmanmartinlawrence fundingcriteriaforresearchdevelopmentandexplorationprojects |