In the literature, there is anecdotal as well as empirical evidence for the existence and the business impact of output interactions among information systems projects. While a lot of sophisticated optimization models have been suggested which already provide for the consideration of output...

This paper examines dynamic R&D investment policies and the valuation of R&D programs in a contingent claims framework. We incorporate the following characteristics of R&D programs into our model: learning-by-doing, collateral learning between different projects in the program, interaction...