TY - JOUR
T1 - R&D project evaluation
T2 - An integrated DEA and balanced scorecard approach
AU - Eilat, Harel
AU - Golany, Boaz
AU - Shtub, Avraham
N1 - Funding Information:
We are deeply indebted to Ben Zuckerman for permission to use his IR results and to the referee, Stephane Vennes, who pointed out a potential problem in our original estimate of the IR brightness limits for a main sequence companion. We also wish to thank Jim Collins for his assistance with the reduction of the IUE data and acknowledge the use of the NSSDC Data Center for obtaining archive IUE data. This work was supported in part by NASA grant NAGW5-434.
PY - 2008/10
Y1 - 2008/10
N2 - We present and demonstrate a multi-criteria approach for evaluating R&D projects in different stages of their life cycle. Our approach integrates the balanced scorecard (BSC) and data envelopment analysis (DEA) and develops an extended DEA model. The input and output measures for the integrated DEA-BSC model are grouped in "cards" which are associated with a "BSC for R&D projects". The BSC is embedded in the DEA model through a hierarchical structure of constraints that reflect the BSC balance considerations. We illustrate the proposed approach with a case study involving an industrial research laboratory that selects and executes dozens of R&D projects every year.
AB - We present and demonstrate a multi-criteria approach for evaluating R&D projects in different stages of their life cycle. Our approach integrates the balanced scorecard (BSC) and data envelopment analysis (DEA) and develops an extended DEA model. The input and output measures for the integrated DEA-BSC model are grouped in "cards" which are associated with a "BSC for R&D projects". The BSC is embedded in the DEA model through a hierarchical structure of constraints that reflect the BSC balance considerations. We illustrate the proposed approach with a case study involving an industrial research laboratory that selects and executes dozens of R&D projects every year.
KW - Balanced scorecard
KW - Data envelopment analysis
KW - Project evaluation
UR - http://www.scopus.com/inward/record.url?scp=38649129450&partnerID=8YFLogxK
U2 - 10.1016/j.omega.2006.05.002
DO - 10.1016/j.omega.2006.05.002
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AN - SCOPUS:38649129450
SN - 0305-0483
VL - 36
SP - 895
EP - 912
JO - Omega
JF - Omega
IS - 5
ER -