Routines of Project Formation in the R&D Projects on Application of Industrial Technologies

Abstract

In the bounded rational world where uncertainty is high, decision makers make decision by the relatively simple rules which are called "routines". These routines are evaluated by certain standards, and change to improve results of the evaluations. The R&D projects on application of industrial technologies (the "Big Projects") was founded in 1966. This governmental R&D program had totally 33 projects until the end of this program in 1992. These projects essentially confronted uncertainty. So, the formation of these projects required the "routines". This brief essay analyses the routines of "Big Projects" at its formation process of each R&D project. Budget assessment by the Ministry of Finance was the only substantial evaluation when the Big Projects was operated. This analysis demonstrates that the routines of "Big Projects" evolved to adapt to this evaluation and the importance of evaluation system for R&D policy.