Related Experiment Videos
Some statistical issues in project prioritization in the pharmaceutical industry
1Department of Statistical Science, University College London, U.K.
Statistics in Medicine
|December 30, 1996
Abstract:
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.