A system dynamics model is presented of an oscillating R & D process that is driven by resource estimation and allocation mechanisms. We consider the R & D process as a sequence of staged activities whose goal is to deliver new products to the market. These new products generate revenue which feeds back into the R & D process fueling progress. We review the behavior of our system under a range of conditions and design policies that reduce the observed oscillatory behavior.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Fenty, Ian G.

Publisher

• Worcester Polytechnic Institute

Identifier

• 01C015M

Advisor

• Saeed, Khalid

Year

• 2001

Sponsor

• Eli Lilly & Company

Date created

• 2001-01-01

Resource type

• Major Qualifying Project

Major

• System Dynamics

Rights statement

• In Copyright