- 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.