An Open Innovation Decision Support System to Select a Biopharmaceutical R&D Portfolio

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8 Citations (Scopus)

Abstract

Drugs available in the market today, selected several years ago under very uncertain futurescenario, have experienced a long and expensive process of research and developmentcarried out following both a closed and an open innovation path. To support this criticalselection process, we propose a Decision Support System, able to choose among differentcandidates the most promising drugs along their best development path. The DecisionSupport System, based on a real options portfolio optimization model, mapping tools, andwhat-if rules as well, has been applied to a numerical example available in literature, andthe research findings show interesting managerial and academic implications
Original languageEnglish
Pages (from-to)392-406
Number of pages15
JournalManagerial and Decision Economics
Volume37
Publication statusPublished - 2016

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Strategy and Management
  • Management Science and Operations Research
  • Management of Technology and Innovation

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