publication . Article . 1981

Variable-Base Budgeting for R&D

Robert W. Blanning;
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  • Published: 01 Jan 1981 Journal: Management Science, volume 27, pages 547-558 (issn: 0025-1909, eissn: 1526-5501, Copyright policy)
  • Publisher: Institute for Operations Research and the Management Sciences (INFORMS)
Abstract
An issue of theoretical and practical importance to R&D managers is the proper allocation of an organization's resources between the periodic selection and budgeting of R&D projects and the implementation of these projects. One possibility is to consider previous allocations as an established base and to restrict the attention of R&D managers to an examination of any subsequent deviations from the base. The advantage of this strategy, often called incremental budgeting, is that it focuses managerial and analytical efforts on a few current decisions. A second possibility, called zero-base budgeting, is to ignore previous allocations and to reexamine all feasible ...
Subjects
free text keywords: project selection, zero-base budgeting [research and development], Management Science and Operations Research, Strategy and Management, Zero-based budgeting, Expected return, Quadratic growth, Economics, Variance (accounting), restrict, Capital budgeting, Diminishing returns, Microeconomics, Total cost
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publication . Article . 1981

Variable-Base Budgeting for R&D

Robert W. Blanning;