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Cost-Of-Research Index, 1920-1970

Helen S. Milton
Operations Research
Vol. 20, No. 1 (Jan. - Feb., 1972), pp. 1-18
Published by: INFORMS
Stable URL: http://www.jstor.org/stable/169332
Page Count: 18
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Cost-Of-Research Index, 1920-1970
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Abstract

The current study brings up through 1970 the cost-of-research index that was published in Operations Research 14, 977-991 (1966). This paper points out various economic aspects and effects of the R&D fluctuations between 1965 and 1970 within the framework of the index pattern for the twenty-year period 1950-1970. The objective of the index is to provide a measure of (1) the change in the cost of a technical man-year of research in the US, and (2) the change in the amount of research and development (R&D) effort in terms of technical man-years of effort applied to it as derived from total dollars spent on R&D. The index is a tool to be utilized in determining the rate of change in costs per technical man-year in R&D and for use in R&D planning and budgeting.

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