Operations Research, Systems Engineering and Industrial Engineering Commons^™

Applying System Dynamics To Confront Complex Decision Making In R&D Systems#11;#11;: A Knowledge Based Approach, Arash Golnam, Nader Ale Ebrahim

Nader Ale Ebrahim

Research and development has always played a strategically important role in the survival and the growth of technology-based firms. R&D is positively linked to company performance measures such as sales, productivity and shareholder returns and in addition to this, facing increased competition, as a result of globalization the viability of many established firms is based on the efficiency of their R&D activities. Similar to other business models, R&D systems are characterized by complex structure and dynamic behavior. It's often difficult to predict or trace the consequences of certain decisions due to the existence of delays, non-linearities and causal feedback inherent …