The Hidden Surplus From Research Joint Ventures: An Application Of Systems Reliability Theory

The paper’s aim is two fold: (a) to model some key features of the research process as a multi-component system, as understood by the mathematical theory of systems reliability; and (b) to apply the resulting model to Research Joint Ventures, showing that a potentially very large surplus can be realized purely by organizing research efficiently, i.e. even without any changes in R&D investment.

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Year of publication:	2006-11
Authors:	Manna, Manfredi M.A. La
Institutions:	Centre for Research into Industry, Enterprise, Finance and the Firm (CRIEFF), University of St. Andrews
Subject:	optimal organization \| systems reliability \| Research Joint Ventures \| parallel and series systems \| majorization \| organizational surplus

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Extent:	application/pdf
Series:	CRIEFF Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 0610
Classification:	O32 - Management of Technological Innovation and R&D
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005671106