On closed-form solutions of a resource allocation problem in parallel funding of R&D projects

  • Authors:

  • íLkü GüRler;Mustafa. Ç. PıNar;Mohamed Mehdi Jelassi

  • Affiliations:

  • Faculty of Engineering, Department of Industrial Engineering, Bilkent University, TR-06533, Bilkent, Ankara, Turkey;Faculty of Engineering, Department of Industrial Engineering, Bilkent University, TR-06533, Bilkent, Ankara, Turkey;Faculty of Engineering, Department of Industrial Engineering, Bilkent University, TR-06533, Bilkent, Ankara, Turkey

  • Venue:
  • Operations Research Letters
  • Year:
  • 2000

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Abstract

In order to reduce the risk of complete failure, research managers often adopt a parallel strategy by simultaneously funding several R&D activities and several research teams within each activity. The parallel strategy requires the allocation of an available budget to a number of R&D activities, the determination of the number of research teams within each activity and the amount of funding they receive. We consider a formulation of this problem as a nonlinear resource allocation problem by Gerchak and Kilgour, IEE Trans. 31 (2) (1999) 145, and present a sufficient condition as a function of problem parameters, under which closed-form solutions to the problem are obtained.