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- W1994921068 abstract "The paper consists of a theoretical discussion of the circumstances justifying the use of R&D to increase the productivity of a firm's manufacturing capability. There are three possibilities: Increase the productivity of existing capacity; re-equip with purchased existing best-practice technology; or use R&D to develop new technology. The choice depends on which of the four following situations exist: 1) When the productivity of existing capacity is well below its potential and is also well below that of the industry's best-practice; in this case the right strategy is first to bring actual productivity up to potential, and then to consider the purchase of best-practice. 2) When productivity is well up to potential but is well below best practice; the advice is then to purchase best-practice. 3) When existing capacity is already best-practice but productivity is well below capacity; in this case productivity of existing plant should be increased. 4) When existing capacity is bestpractice and productivity is near the maximum; then and only then is R&D to develop new technology justified. The paper concludes with a brief account of the process to be undergone between the establishment of a case for R&D using the above criteria and, if R&D is undertaken and completed, the retrospective review of its outcome." @default.
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- W1994921068 date "1988-07-01" @default.
- W1994921068 modified "2023-09-27" @default.
- W1994921068 title "R&D project selection: Productivity considerations" @default.
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- W1994921068 doi "https://doi.org/10.1111/j.1467-9310.1988.tb00591.x" @default.
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