Abstract
With the emerging importance of R&D Cost-effectiveness evaluation for overall R&D management of high-tech industries, it is crucially important that the figure-of-merit in such evaluations be adapted to the dynamic change characterizing this R&D-industry age in which R&D costs are reaching almost 10〜20 percent of gross sales. This paper establishes such adaptability of the figure-of-merit proposed. It also shows how to extend the applicable area of research described in the author's previous papers [1] [2] [3].Also, through discussions with top and middle managers of product-oriented "Commissioned Research" sponsors (Fig. 1), the author empirically demonstrates the limitations and most suitable way of using quantitative Cost-Effectiveness evaluation figures. For future development of Cost-Effectiveness evaluation, stress is laid on its increasing importance as an early warning signal or a positive attention flag for R&D management and proposes new evaluation figures including some modifications of the present one.
