Characteristics and Implications of Forecasting Errors in the Selection of R& D
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 17.39
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book targets the inaccuracy of forecasting in R&D project selection, focusing on typical errors that plague industrial product development programs. Drawing on research from multiple laboratories and computer simulations, the author analyzes the relationship between initial forecasts and project outcomes. The book emphasizes that errors in forecasting lead to a substantial portion of development budgets being wasted on projects that do not yield commercially successful products. The data and analyses provided enable managers to evaluate the accuracy of their own forecasting procedures and understand how errors propagate through the decision feedback loop. Ultimately, the insights gained from this book can assist firms in optimizing forecasting and project selection processes, improving resource allocation, and enhancing the efficiency of their R&D initiatives. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9781332254682_0
- Title
- Characteristics and Implications of Forecasting Errors in the Selection of R& D
- Author
- Dennis L. Meadows
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1332254683
- ISBN 13
- 9781332254682
- Seller catalogs
- Audits and Surveys
This book analyzes real data from multiple laboratories to show how early estimates diverge from what actually happens, and how those gaps ripple through decisions and budgets. It presents a dynamic view of forecasting as a decision feedback loop where forecasts, actions, and results continually influence each other.
- See how cost overruns and project outcomes connect, and what that means for resource allocation.
- Learn how the source of a project idea affects its risk and chances of commercial success.
- Discover how reorganizing laboratories around product teams can improve forecast accuracy.
- Explore using history-based confidence intervals to quantify forecast risk for budgeting and planning.
Ideal for managers and students of technology development seeking practical insight into forecasting errors.
"Synopsis" may belong to another edition of this title.
Forgotten Books
London, United Kingdom
AbeBooks seller since June 2, 2021
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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FB &c Ltd
Dalton House, 60 Windsor Avenue
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