Estimating Cost of R&D Activities for Feasibility Study of Public R&D Investment
Since the feasibility study of R&D programs have been
initiated for efficient public R&D investments, year 2008, feasibility
studies have improved in terms of precision. Although experience
related to these studies of R&D programs have increased to a certain
point, still methodological improvement is required. The feasibility
studies of R&D programs are consisted of various viewpoints, such as
technology, policy, and economics. This research is to provide
improvement methods to the economic perspective; especially the cost
estimation process of R&D activities. First of all, the fundamental
concept of cost estimation is reviewed. After the review, a statistical
and econometric analysis method is applied as empirical analysis.
Conclusively, limitations and further research directions are provided.
[1] S. Yim, H. Kang, "Feasibility Analysis Studies on New National R&D
Programs in Korea," World Academy of Science, Engineering and
Technology 59, 2011.
[2] Y. B. Lee, J. Hwang, "A Study on Correlation between Elements of AHP
for Government R&D Programs," Proceedings of the International
Symposium on the Analytic Hierarchy Process, 2011.
[3] E. Triantaphyllou, Multi-Criteria Decision Making Methods: A
Comparative Study, Kluwer Academic Publishers, 2000.
[4] GAO Cost Estimating and Assessment Guide, Best Practices for
Developing and Managing Capital Program Costs, GAO-09-3SP, United
States Government Accountabity Office, 2009.
[5] G. T. Haugan, The Work Breakdown Structure in Government
Contracting, Management Concepts, 2003.
[6] K. K. Humphreys, 2005, "Project and Cost Engineers," Handbook. 4th ed.
[1] S. Yim, H. Kang, "Feasibility Analysis Studies on New National R&D
Programs in Korea," World Academy of Science, Engineering and
Technology 59, 2011.
[2] Y. B. Lee, J. Hwang, "A Study on Correlation between Elements of AHP
for Government R&D Programs," Proceedings of the International
Symposium on the Analytic Hierarchy Process, 2011.
[3] E. Triantaphyllou, Multi-Criteria Decision Making Methods: A
Comparative Study, Kluwer Academic Publishers, 2000.
[4] GAO Cost Estimating and Assessment Guide, Best Practices for
Developing and Managing Capital Program Costs, GAO-09-3SP, United
States Government Accountabity Office, 2009.
[5] G. T. Haugan, The Work Breakdown Structure in Government
Contracting, Management Concepts, 2003.
[6] K. K. Humphreys, 2005, "Project and Cost Engineers," Handbook. 4th ed.
@article{"International Journal of Business, Human and Social Sciences:55705", author = "Ie-jung Choi", title = "Estimating Cost of R&D Activities for Feasibility Study of Public R&D Investment", abstract = "Since the feasibility study of R&D programs have been
initiated for efficient public R&D investments, year 2008, feasibility
studies have improved in terms of precision. Although experience
related to these studies of R&D programs have increased to a certain
point, still methodological improvement is required. The feasibility
studies of R&D programs are consisted of various viewpoints, such as
technology, policy, and economics. This research is to provide
improvement methods to the economic perspective; especially the cost
estimation process of R&D activities. First of all, the fundamental
concept of cost estimation is reviewed. After the review, a statistical
and econometric analysis method is applied as empirical analysis.
Conclusively, limitations and further research directions are provided.", keywords = "Cost Estimation, R&D Program, Feasibility AnalysisStudy.", volume = "6", number = "11", pages = "3034-4", }