Abstract for: R&D Project Portfolio in Research and Development, Part of a Whole in R&D Strategy
The proportion of research and product development phases play the crucial role in forming the routines of R&D companies. In a such company, it is a strategic decision to focus on each of these phases, as it will affect many characteristics of the R&D operation. This model is an effort to combine a R&D strategy framework and system dynamics methodology, based on the interactions of the authors with an Iranian R&D company. A general model of R&D operation with indication of elements of R&D strategy in feedback loops is developed. Assumptions of the model are mostly based on the real world attributes of the aforementioned company. The model is then used to explain past behavior of the company over time, and examine current policies exploited by the firm.