Project Selection Under Uncertainty: Dynamically Allocating Resources to Maximize Value (Hardcover, 2004)

List of Figures. Preface. Acknowledgements. 1: Introduction to the portfolio selection problem. 1. Introduction. 2. Portfolio selection: a complex task. 3. Research questions and overview of this book. 2: What has been done so far? 1. Introduction. 2. Operational decisions. 3. Strategic decisions. 4. Strategic alignment of R&D: an example. 5. Implications for this book. 3: Dynamic selection of NPD programs. 1. Introduction. 2. Model setup. 3. Increasing returns. 4. Decreasing returns. 5. Decreasing returns and market interactions. 6. Decreasing returns and risk aversion. 7. Numerical example. 8. n Product lines and T Periods. 9. Discussion and conclusion. 4: Applying project selection at GemStone. 1. Introduction. 2. The diamond producer GemStone Inc. 3. Selecting the portfolio at GemStone. 4. Discussion and conclusion. 5: Admitting projects one-by-one. 1. Introduction. 2. Model setup. 3. Optimal policy. 4. Discussion and conclusion. 6: Prioritizing ongoing projects. 1. Introduction. 2. Model and optimal sequencing policy. 3. Discussion and examples. 4. Conclusion. 7: What have we learned? References. About the Authors. Index.