| Abstract: | Abstract.In the chemical and pharmaceutical industries, a series of screening experiments is often run on a class of compounds or mixtures of several classes of compounds. The data obtained from the screens can be utilized to assess the project progress and/or the best routes to take for further research. This problem is similar in many ways to that of project selection. In this paper a sequential method of calibrating individual projects is developed which is relevant both to project selection and assessing how best to deploy further effort in projects of the type described. This paper was delivered at the European Conference of Management of Research and Development and Technological Forecasting. Paris. October, 1970. |
