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Characteristics and Implications of Forecasting Errors in the Selection of R& D Projects (Classic Reprint) - Softcover
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Excerpt from Characteristics and Implications of Forecasting Errors in the Selection of R& D Projects
The continuous sequence of forecast-decision-results-errors-fore cast constitutes a feedback loop, a fundamental structure inherent in the control of all physical and social systems. It is through a plexus of feedback loop structures like that in Figure 1 that forecasting tech niques and their associated errors affect the performance of the firm. If we are to understand the implications of errors, they must be viewed in the context of this feedback loop structure.
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Characteristics and Implications of Forecasting Errors in the Selection of R& D
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Paperback. Condition: New. 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. print-on-demand item. Seller Inventory # 9781332254682_0
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Characteristics and Implications of Forecasting Errors in the Selection of R D Projects Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332254682
Quantity: 15 available
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Characteristics and Implications of Forecasting Errors in the Selection of R D Projects Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332254682
Quantity: 15 available