Journal article
Optimal funding policy for R and D projects aimed at cost reduction: The case of a new drug in psychiatry
Abstract
Governments' role in supporting research developments is well established. In this paper we describe a model for finding the optimal funding path for R and D projects aimed at cost reduction. A numerical illustration for a case of pharmaceutical research for a new drug to reduce the cost of treating patients in an irreversible chronic condition (schizophrenia) is presented. This is done by using the mathematical results obtained for the special …
Authors
Mehrez A; Gafni A
Journal
Socio-Economic Planning Sciences, Vol. 20, No. 5, pp. 271–274
Publisher
Elsevier
Publication Date
1 1986
DOI
10.1016/0038-0121(86)90035-2
ISSN
0038-0121