?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Fmiis.maths.ox.ac.uk%2Fmiis%2F321%2F&rft.title=Models+and+measures+to+evaluate+the+effectiveness+of+funds+utilization+for+scientific+research+and+development+of+advanced+technologies&rft.creator=Jakub%2C+Lengiewicz&rft.creator=Krzysztof%2C+Turek&rft.creator=Jacek%2C+Lewkowicz&rft.creator=Poul%2C+Hjorth&rft.creator=Agnieszka%2C+Kaszkowiak&rft.creator=Anna%2C+Kortyka&rft.creator=Mariusz%2C+Marczewski&rft.creator=John%2C+Ockendon&rft.creator=Wojciech%2C+Okrasinski&rft.creator=Zbigniew%2C+Peradzynski&rft.creator=Piotr%2C+Wojdyllo&rft.creator=Karolina%2C+Wojtasik&rft.creator=Maciej%2C+Zmuda&rft.subject=None%2FOther&rft.subject=Finance&rft.subject=Social&rft.description=The+purpose+of+this+report+was+to+construct+some+alternative+methods+to+estimate+the+effectiveness+of+investments+in+scientific+research+and+development+of+advanced+technologies%2C+especially+their+long-term+effects.%0D%0A%0D%0AThe+Study+Group+decided+to+focus+on+the+sub-problem+of+finding+the+relation+between+the+spending+on+science+and+the+quality+of+science+itself.+As+a+result%2C+we+have+developed+two+independent+methodologies.+The+most+promising+one+is+based+on+the+theory+of+time-delay+systems%2C+which+allows+capturing+effects+of+the+time-lag+between+the+use+of+funds+and+the+results+related+to+scientific+work.+Moreover%2C+the+methodology+gives+an+opportunity+to+seek+the+optimal+spending+scenario+that+would+fulfill+some+prescribed+constraints+(e.g.+it+would+minimize+costs+and+at+the+same+time+remain+above+a+desired+level+of+quality+of+science).%0D%0A%0D%0AThe+second+methodology+is+premised+on+Stochastic+Frontier+Analysis+and+it+can+be+applied+to+determine+the+form+of+relation+between+the+amount+of+financing+and+the+results+of+scientific+work.+It+offers+considerable+advantages+for+analyses+of+several+forms+of+relation+at+once+(production+functions)+and+for+a+suitable+choice+of+the+best+one.%0D%0A%0D%0ABoth+methods+are+promising%2C+however%2C+additional+work+is+necessary+to+apply+them+successfully+to+some+real-life+problems.&rft.date=2011&rft.type=Study+Group+Report&rft.type=NonPeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.identifier=http%3A%2F%2Fmiis.maths.ox.ac.uk%2Fmiis%2F321%2F1%2FESGI77_SCIENCE_report.pdf&rft.identifier=++Jakub%2C+Lengiewicz+and+Krzysztof%2C+Turek+and+Jacek%2C+Lewkowicz+and+Poul%2C+Hjorth+and+Agnieszka%2C+Kaszkowiak+and+Anna%2C+Kortyka+and+Mariusz%2C+Marczewski+and+John%2C+Ockendon+and+Wojciech%2C+Okrasinski+and+Zbigniew%2C+Peradzynski+and+Piotr%2C+Wojdyllo+and+Karolina%2C+Wojtasik+and+Maciej%2C+Zmuda++(2011)+Models+and+measures+to+evaluate+the+effectiveness+of+funds+utilization+for+scientific+research+and+development+of+advanced+technologies.++%5BStudy+Group+Report%5D+++++