R&D Value Mapping (RVM)

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Another form of value mapping can be found in the field of Research and Development. In the field of R&D, many research evaluation techniques have been developed to analyze the impact of R&D on society and the economy. One of the most important techniques is the case study technique, but nevertheless this technique has its disadvantages. In an article “R&D Value Mapping: A New Approach to Case Study-Based Evaluation, the authors present an approach called R&D Value Mapping, that uses the to give in-depth insights and simultaneously structuring these case studies in an analytical framework yielding quantitative and thus more objective data. This measurement involves the following nine procedures: 1. Generating analytical models that analyze possible knowledge flows and predicting possible results of R&D projects. 2. Developing hypotheses about the causal factors associated to those results. 3. Establishing cost and benefit indicators from certain projects and its results. 4. Sele (...) Read more? Sign up for free

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