Technology trajectories and the selection of optimal R and D project sequences

Ties van Bommel, R.J. Mahieu, E.J. Nijssen

Onderzoeksoutput: Bijdrage aan tijdschriftTijdschriftartikelAcademicpeer review

9 Citaten (Scopus)
2 Downloads (Pure)

Samenvatting

Given a set of R&D projects drawing on the same underlying technology, a technology trajectory refers to the order in which projects are executed. Due to their technological interdependence, the successful execution of one project can increase a firm's technological capability, and help to efficiently and effectively develop other projects from this set. In this paper, we present a model for determining the optimal sequence for performing such projects. Based on Huchzermeier and Loch's real-option value model, we demonstrate that accounting for interproject learning and discount rates has: 1) a positive effect on the maximum option value that different project sequences can achieve; and 2) the maximum value of the technology trajectory is particularly sensitive to the selection of the first project.

Originele taal-2Engels
Artikelnummer6891189
Pagina's (van-tot)669-680
Aantal pagina's12
TijdschriftIEEE Transactions on Engineering Management
Volume61
Nummer van het tijdschrift4
DOI's
StatusGepubliceerd - 1 nov 2014

Vingerafdruk

Duik in de onderzoeksthema's van 'Technology trajectories and the selection of optimal R and D project sequences'. Samen vormen ze een unieke vingerafdruk.

Citeer dit