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A Probabilistic Approach to Aeronautical Research and Development

Published online by Cambridge University Press:  04 July 2016

R. A. Harvey
R. A. Harvey*
Affiliation:
Economics and Project Analysis, BAC Ltd
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Extract

This paper is a revised version of a contribution towards the work of the Society's Future Policy Committee's Working Party on Effectiveness in R & D. An abbreviated version of the Working Party's report was published in the September 1969 Journal.

The R & D process in any sphere exhibits features of uncertainty in many of its phases and it therefore seems appropriate to examine aeronautical R & D from a probabilistic viewpoint. Before discussing the origins and treatment of these uncertainties it is necessary to define Research and Development in the aeronautical context and to state its aims as seen by the author.

Type
Research Article
Information
The Aeronautical Journal , Volume 74 , Issue 713 , May 1970 , pp. 373 - 380
Copyright
Copyright © Royal Aeronautical Society 1970 

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References

1. Royal Aeronautical Society Working Party. Effectiveness in R & D. Aeronautical Journal of the RAeS, Vol. 73, September 1969.Google Scholar
2. Magee, John F. Decision Trees for Decision Making. Havard Business Review, July/August 1964.Google Scholar
3. Magee, John F. How to Use Decision Trees in Capital Investment. Harvard Business Review, September/October 1964.Google Scholar
4. Harvey, R. A. Application of Statistics to Aircraft Project Evaluation. Applied Statistics, Journal of the Royal Statistical Society (Series C) Vol 16, No 1, 1967.Google Scholar