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Part of the book series: Ökonometrie und Unternehmensforschung / Econometrics and Operations Research ((ÖKONOMETRIE,volume 8))

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Abstract

This chapter describes the development process and identifies the important elements of development decisions. Any development is unique: it is the creation of some product or process that did not exist before. Generalizations about a creative process are difficult to make, and discussions of efficiency in such projects lack precision and concreteness. It is possible, however, to create a model of the development process and to identify the important determinants of cost in such a process. Such a model helps to clarify the issues facing a developer by providing a basis for describing alternative development policies or strategies. It does not provide the basis for choosing one policy as dominant. There is no one right policy for all development efforts.

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Reference

  1. Brigadier (now Major) General Ascani, Press Conference, Los Angeles, May 10, 1964, p. 10.

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  3. Robert L. Perry: The Atlas, Thor, Titan, and Minuteman, The History of Rocket Technology, E. M. Emme, ed., Wayne State University Press, Detroit, 1964, pp. 142–161.

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  4. Richard R. Nelson: Uncertainty, Learning and the Economics of Parallel RD Efforts, Review of Economics and Statistics, November 1959, see also Ch. 5 of this book.

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© 1967 The Rand Corporation

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Glennan, T.K. (1967). Issues in the Choice of Development Policies. In: Strategy for R&D: Studies in the Microeconomics of Development. Ökonometrie und Unternehmensforschung / Econometrics and Operations Research, vol 8. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46095-1_2

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  • DOI: https://doi.org/10.1007/978-3-642-46095-1_2

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-46097-5

  • Online ISBN: 978-3-642-46095-1

  • eBook Packages: Springer Book Archive

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