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来源类型Publication
Investment Policies in Defense R&D Programs
Dr. Oren Setter; Prof. Asher Tishler
发表日期2007-01
出版年2007
语种英语
摘要Investment in advanced defense technologies is a prominent characteristic of modern armed forces. The paper examines the optimal investment policy in developing such technologies, accounting for their S-shaped progress profile and the stochastic nature of the R&D process. We show that the optimal investment is a discontinuous function of the available budget, and that its dependence on technological uncertainty is non-monotonous. We further show that maintaining the flexibility to adjust investments along the R&D program is beneficial.

URLhttps://www.neaman.org.il/EN/Investment-Policies-Defense-RD-Programs
来源智库Science and Technology Policy Institute (Republic of Korea)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/472069
推荐引用方式
GB/T 7714
Dr. Oren Setter,Prof. Asher Tishler. Investment Policies in Defense R&D Programs. 2007.
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