Community Research and Development Information Service - CORDIS

FP5

SAPIENT Report Summary

Project ID: ENG2-CT-1999-00003
Funded under: FP5-EESD
Country: Greece

ISPA-R&D analysis tool development and coding of operational version

Central to the SAPIENT approach is the elaboration of a small aggregated model named ISPA (Integrating System for Priority Assessment), specifically designed for R&D budgeting policy exploration. In essence, the ISPA model explores a domain of optimal R&D strategies in a context of uncertainty (i.e. incorporating notions of hedging) and in the presence of multiple objectives as is appropriate when considering public sector participation in R&D initiatives.

In recognition of the nature of such policy, namely that it pursues a number of aims, and that R&D is essentially a speculative activity, ISPA takes the form of a multiple objective stochastic non-linear optimisation problem where the probability that an objective exceeds a given desirable threshold is maximized subject to the condition that the probability that the other objectives exceed given thresholds is greater than a certain level. Naturally the budget allocations must also be kept non-negative. A concrete specification of this problem has been coded and tested here in view of gaining insights for a method of policy option explorations.

Contact

Pantelis KAPROS, (Scientific Officer)
Tel.: +30-210-7723641
Fax: +30-210-7723630
E-mail
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