Accession Number : AD0751825

Title :   Organization of and Allocation of Resources to Biomedical Research and Development,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Newhouse,Joseph P.

Report Date : JUL 1972

Pagination or Media Count : 26

Abstract : The author has considered the organization and the allocation of resources to research and development in general, and biomedical research and development in particular. A set of questions related to resource allocation in development is the rate of development as a function of the rate of spending. Here the first problem is to measure the rate of development. Rand has developed a methodology to do this for jet engines, and the same methodology may be applicable to certain biomedical development. Less is known about research than about development. Research is financed on a cost-reimbursement basis because of the uncertainty surrounding the possible outcomes at the beginning of the research effort. To allocate resources within and to biomedical research, willingness to pay is a more appropriate concept than earnings foregone, although the latter has been widely used. Finally, the links between research and development, although widely presumed to exist, are only now beginning to be estimated empirically. (Author)

Descriptors :   (*MEDICAL RESEARCH, RESEARCH MANAGEMENT), COSTS, VALUE ENGINEERING, MANAGEMENT ENGINEERING

Subject Categories : Medicine and Medical Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE