Abstract
The purpose of this paper is to present a comprehensive literature review of the research and development (R&D) project selection problem since 1977, using the PRISMA method. This study aims (i) to support researchers and practitioners to understand selection methodologies, decision-maker types, and perspectives; (ii) to guide them in choosing the most suitable project selection method; and (iii) to clarify a common confusion by proposing a more precise definition of ‘R&D project selection’ and ‘R&D portfolio selection’. The study also highlights several areas for improvement and the future of project selection techniques for further studies.
| Original language | English |
|---|---|
| Pages (from-to) | 28-43 |
| Number of pages | 16 |
| Journal | South African Journal of Industrial Engineering |
| Volume | 32 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2021 |
Bibliographical note
Publisher Copyright:© 2021, South African Institute of Industrial Engineering. All rights reserved.
Funding
Many public and private actors focus on R&D project selection with different motivations and approaches. From a public policy view, R&D may gain importance from the perspectives of sustainable competitive advantage or social welfare. Public funding studies conducted by different organisations and in countries such as China, the European Union, Russia, Mexico, South Korea, Taiwan, and Turkey are often found in the literature. The problem of public funds distribution [2] [3] [4] [5] [6] [7] [8] [9] is one of the most frequently studied R&D project selection problems because of a fund’s size and its contribution to a country’s economy. Some of the notable examples cited in the literature are the R&D support programmes of the Korean government [10], public funding in Turkey [11], and the PROFIT programme (The National Plan of Scientific, Research, Development and Technological Innovation) of the Spanish government [12].
| Funders | Funder number |
|---|---|
| Korean government | |
| National Plan of Scientific, Research, Development and Technological Innovation | |
| Spanish government |
