Eli Lilly & Company
A system dynamics model is presented of an oscillating R & D process that is driven by resource estimation and allocation mechanisms. We consider the R & D process as a sequence of staged activities whose goal is to deliver new products to the market. These new products generate revenue which feeds back into the R & D process fueling progress. We review the behavior of our system under a range of conditions and design policies that reduce the observed oscillatory behavior.
Worcester Polytechnic Institute
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Social Science and Policy Studies