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Leverage strategy to national R and D invetment in Korea : A system dynamics approach

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  • Leverage strategy to national R and D invetment in Korea
  • Park, Hun-Joon; Oh, Sea-Hong; Kim, Sang-Joon
  • System Dynamics Society


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Title Leverage strategy to national R and D invetment in Korea
Similar Titles
Sub Title

A system dynamics approach

Material Type Reports
Author(English)

Park, Hun-Joon; Oh, Sea-Hong; Kim, Sang-Joon

Publisher

[Albany]:System Dynamics Society

Date 2004-06
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < General
Holding System Dynamics Society

Abstract

Dilemmas surrounding investment decisions for national research and development projects include difficulties of determining the total amount (the strategic loop), R&D systems (the structural loop), and the process of realizing initial investment objectives and priorities by assigned researchers (the efficacy loop). This study purports to arrive at a feasible policy alternative to these decisional dilemmas by providing a simulation model that can detect inherent problems within the unobtrusive dynamic structure of the Korean national R&D investment institution. The simulation model we introduce in this study maps out the cyclical casual nods of the Korean R&D investment institution that has produced sub-optimal investment decisions. We noticed that over the years the Korean R&D investment has made substantial commitments to the expansion of total funding packages awarded to selected national R&D projects. (The rest omitted)