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First Experiences with a Ranking Method for Portfolio Selection in Applied Research
Author(s) -
CRANSTON ROBERT W.
Publication year - 1975
Publication title -
randd management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.253
H-Index - 102
eISSN - 1467-9310
pISSN - 0033-6807
DOI - 10.1111/j.1467-9310.1975.tb01359.x
Subject(s) - profitability index , index (typography) , portfolio , ranking (information retrieval) , premise , selection (genetic algorithm) , context (archaeology) , operations research , computer science , business , actuarial science , engineering , finance , artificial intelligence , geography , world wide web , linguistics , philosophy , archaeology
— Starting from the premise that commercial research aims to maximize the expected profitability for a given expenditure on research, a Profitability Index is derived based on a decision tree concept. The practical application of this Profitability Index at the British Petroleum Company Limited's Sunbury Research Centre in the context of research sponsored by several departments is then described.