Impact assessment based sectoral balancing in public R&D project portfolio selection

2019-06-01
Caglar, Musa
Gürel, Sinan
Government funding agencies spend significant amounts of R&D funds through funding programs. While allocating funds among sectors or scientific disciplines, the Decision Maker (DM) wants to maximize the total impact by supporting R&D activities in those sectors with higher scientific, social and economic return. On the other hand, the DM wants to balance the funding budget over sectors or disciplines. In this study, we incorporate the results of "sectoral impact assessments" into the public R&D project portfolio selection (RDPPS) problem. We develop a two-stage model. In the first stage, we make sectoral budget allocation decisions to maximize the total impact of the budget while ensuring a relative balance among sectors. In the second stage, we maximize the total score of supported projects under allocated sectoral budgets. We illustrate the proposed approach on an example problem. We show the value of the proposed approach by comparing our results with alternative policy options.
SOCIO-ECONOMIC PLANNING SCIENCES

Suggestions

Impact assessment based sectoral balancing in public r&d project portfolio selection problem
Gürel, Sinan (null; 2017-09-08)
Government funding agencies provide considerable amount of R&D funds through funding programs. While constructing R&D project portfolio, Decision Maker (DM) wants to balance program budget over sectors or scientific disciplines. Existing approaches in the literature assume budget share of each sector is known at the beginning. However, in practice, the DM wants to decide on sectoral budgets. In this study, we incorporate results of so-called "sectoral impact assessments" into public R&D project portfolio se...
Data Management in Astrobiology: Challenges and Opportunities for an Interdisciplinary Community
Aydınoğlu, Arsev Umur; Malone, Jim (2014-06-01)
Data management and sharing are growing concerns for scientists and funding organizations throughout the world. Funding organizations are implementing requirements for data management plans, while scientists are establishing new infrastructures for data sharing. One of the difficulties is sharing data among a diverse set of research disciplines. Astrobiology is a unique community of researchers, containing over 110 different disciplines. The current study reports the results of a survey of data management p...
A decision support system for value for money analysis of minimum revenue guaranteed road projects
Tekin, Zeki Emre; Sönmez, Rifat; Department of Civil Engineering (2018)
Public Private Partnership (PPP) projects have ability to fund themselves when investments generate sufficient revenue. However, commercial revenues except collected tolls are limited in road projects. On the other hand, demand uncertainty creates concerns regarding toll revenues and governments generally provide Minimum Revenue Guarantee (MRG) to make road PPPs feasible and attractive for private sector. If optimum level of MRG are not assessed during preparation stage and required funds are not allocated ...
Welfare effects of intergovernmental transfers: equity versus efficiency
Çevik, Zeynep Burcu; Parmaksız, Ömer Kağan; Department of Economics (2016)
Intergovernmental transfers, that are significant source of income for state and local governments, are needed to annihilate the fiscal imbalances. This dissertation aims to investigate the welfare effects of an intergovernmental transfer rules in fiscally decentralized economies. The particular linear redistribution rule used in this study takes into account two criteria: equity and efficiency. The model consists of citizens, symmetric local governments and a central government, which are in a strategic in...
A Decision support system for performance assessment and improvement in PPP healthcare projects
Öngel, Begüm; Tanyer, Ali Murat; Dikmen Toker, İrem; Department of Building Science in Architecture (2018)
With the objectives including the reduction of the whole life costs, increasing construction and operation efficiencies and enhancing service quality, Public-Private Partnership (PPP) schemes have been used for healthcare projects across the world over the past two decades. These large-scale projects comprise a long-term partnership period between the public and private sector stakeholders, with a great deal of costs, risks and opportunities. Considering the large number of the parties involved and the inhe...
Citation Formats
M. Caglar and S. Gürel, “Impact assessment based sectoral balancing in public R&D project portfolio selection,” SOCIO-ECONOMIC PLANNING SCIENCES, pp. 68–81, 2019, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/33140.