Some statistical issues in project prioritization in the pharmaceutical industry.
Various aspects of portfolio management and project prioritization within the pharmaceutical industry are examined. It is shown that the cost and probability architecture of a project is a crucial aspect of its value. An appropriate simple tool for ranking projects is the Pearson index. Various difficulties are considered.
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Department of Statistical Science, University College London, U.K.
D003661:Decision Support Techniques; D004345:Drug Industry / Q000458:organization & administration*; D017850:Economics, Pharmaceutical; D011336:Probability; D012106:Research / Q000191:economics / Q000458:organization & administration*; D018570:Risk Assessment; D006113:United Kingdom