Determining the Duration of R&D Processes through Monte Carlo Simulation


Article Preview

The research and development (R&D) processes influence the economic development of a company, because in an industry that is changing fast, firms must continually revise their projects and range of products. The novelty of the paper is that it focuses on determining components of cost and the duration of the R & D processes in its cost calculation procedure. The originality of this work is the use of Monte Carlo simulation to determine the average length of producing a new product.



Edited by:

Laurentiu Slătineanu, Vasile Merticaru, Gheorghe Nagîţ, Margareta Coteaţă, Eugen Axinte, Petru Duşa, Gavril Muscă, Laurenţiu Ghenghea, Florin Negoescu, Octavian Lupescu, Irina Tiţa and Oana Dodun






M. Moga et al., "Determining the Duration of R&D Processes through Monte Carlo Simulation", Applied Mechanics and Materials, Vol. 657, pp. 886-890, 2014

Online since:

October 2014




* - Corresponding Author

[1] R.D. Marinescu, M. Iliescu, I. Grecu, The economic analyze in the industrial organizations from the domain of classic and nonconventional technological systems (in Romanian), BREN Publishing House, București, (2003).

[2] D.P. Landau, K. Binder, A guide to Monte Carlo simulations in statistical physics, Cambridge University Press, Cambridge, New-York, (2000).

[3] C. Doydum, N. D. Perreira, Use of Monte Carlo Simulation to Select Dimensions, Tolerances, and Precision for Automated Assembly. Journal of Manufacturing Systems. 10 (1991) 209-222.

DOI: 10.1016/0278-6125(91)90034-y

[4] G. Paicu, Creativity (in Romanian). PIM Publishing House, Iaşi, (2011).

[5] L. Gorchels, Product manager's guide, III. edition (in Romanian), Rosetti Educational Publishing House, Bucuresti, (2006).

[6] H. Barreto, F. Howland, Introductory Econometrics: Using Monte Carlo Simulation with Microsoft Excel, Cambridge University Press, Cambridge, New-York, (2005).

DOI: 10.1017/cbo9780511809231

[7] S. E. Perez, G. Zachrich, M. Cockburn, Monte Carlo Simulation for Determination of the Stream Function. Computer Applications in Engineering Education. 8 (2000) 38-42.

DOI: 10.1002/(sici)1099-0542(2000)8:1<38::aid-cae5>;2-0

In order to see related information, you need to Login.