An Open Innovation Decision Support System to Select a Biopharmaceutical R&D Portfolio |
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| Authors: | Giovanna Lo Nigro Azzurra Morreale Lorenzo Abbate |
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| Affiliation: | Department of Chemical, Mechanical, Management Engineering and Computer Science, University of Palermo, Palermo, Italy |
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| Abstract: | Drugs available in the market today, selected several years ago under very uncertain future scenario, have experienced a long and expensive process of research and development carried out following both a closed and an open innovation path. To support this critical selection process, we propose a Decision Support System, able to choose among different candidates the most promising drugs along their best development path. The Decision Support System, based on a real options portfolio optimization model, mapping tools, and what‐if rules as well, has been applied to a numerical example available in literature, and the research findings show interesting managerial and academic implications. Copyright © 2015 John Wiley & Sons, Ltd. |
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