James Turner, Frances Maplesden, Ian Page.
This report compares methods for Beacon Pathway Ltd to adopt for the prioritisation of its research programme. Two evaluation methods are assessed; the Analytical Hierarchy Process (AHP) and real options analysis (ROA). The evaluation methods are assessed based on:
- a review of the R&D investment literature
- application of AHP and ROA to an hypothetical Beacon research programme
- a problem analysis.