Obsolescence of embedded parts is a serious concern for managers of complex systems where the design life of the system typically exceeds 20 years. Capital asset management teams have been exploring several strategies to mitigate risks associated with Diminishing Manufacturing Sources (DMS) and...

In this paper we have used data envelopment analysis (DEA) and econometric models to analyse the impact of research and development and innovation on relative efficiency and productivity change and firm performance in Indian pharmaceutical industry (IPI) between 1998 and 2007 which covers the...