Optimal R&D expenditure streams: An empirical view


Are the simple, abstract mathematical models of optimal R&D investment consistent with reality, or even relevant conceptual models of the R&D investment process? In this paper we adduce evidence that suggests the answers to each of these questions is yes. The paper first presents a brief review of the key concept of a convex time-cost tradeoff… (More)


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@article{Graves1987OptimalRE, title={Optimal R&D expenditure streams: An empirical view}, author={Samuel B. Graves}, journal={IEEE Transactions on Engineering Management}, year={1987}, volume={EM-34}, pages={42-48} }