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Determining The Duration Of R&D Processes Through Monte Carlo Simulation, Florentin Smarandache, Moga Monika, Calefariu Gavrila, Sarbu Flavius Aurelian

Branch Mathematics and Statistics Faculty and Staff Publications

The research and development (R&D) processes influence the economic development of a company, because in an industry that is changing fast, firms must continually revise their projects and range of products. Therefore in order to determine the specific costs of research and development activity we have to highlight the efforts and effects of these activities and to calculate some indicators of economic efficiency. In the cost calculation process in R & D we have emphasized the identification of the components of cost and the duration of the R & D processes, as a component of the R&D cost, that is …