Resource management and strategic decision making in industrial R&D departments: Decision support using judgemental modelling in the chemical industry

Resource management and strategic decision making in industrial R&D departments: Decision support using judgemental modelling in the chemical industry

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Article ID: iaor19911568
Country: Netherlands
Volume: 20
Issue: 2
Start Page Number: 219
End Page Number: 229
Publication Date: Oct 1990
Journal: Engineering Costs and Production Economics
Authors: , ,
Keywords: artificial intelligence: decision support
Abstract:

This paper discusses the impact of judgmental modelling on resource allocation and strategic decision making in R&D departments of a chemical industry. It outlines the development of a decision support system to facilitate research planning and management control and describes its use over a period of time. This is followed by an examination of the emulation and adaptation of the approach by a newly formed subsidiary of the company and its conducive and stabilising effects on the concomitant organisational changes.

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