- Author
-
Marshall, H. E.
|
Ruegg, R. T.
- Title
- Efficient Allocation of Research Funds: Economic Evaluation Methods With Case Studies in Building Technology.
- Coporate
- National Bureau of Standards, Gaithersburg, MD
- Report
-
NBS SP 558,
December 1979,
56 p.
- Distribution
- Available from Government Printing Office
- Keywords
-
cost benefit analysis
|
roofing (finishes)
|
plumbing
|
venting
- Identifiers
- building technology; economic impacts; payoffs from their research investments; evaluation methodologies
- Abstract
- Public and private administrators of research programs are concerned with maximizing the payoffs from their research investments; that is, with allocating their limited budgets most efficently. Benefit-cost, rate-of-return, payback, and other evaluation methodologies are examined for their usefulness in helping administrators to decide whether to accept or reject research projects leading directly to applications; to plan the scale of these research projects; and to identify priorities among alternative research investments, all of which may be profitable. Data needs for applying these evaluation methodologies are outlined.