• 1. Introduction to the Portfolio Selection Problem.- 1 Introduction.- 2 Portfolio Selection: A Complex Task.- 3 Research Questions and Overview of this Book.- 2. What Has Been Done So Far?.- 1 Introduction.- 2 Operational Decisions.- 3 Strategie Decisions.- 4 Strategie Alignment of R&D: an Example.- 5 Implications for this Book.- 3. Dynamic Selection of NPD Programs.- 1 Introduction.- 2 Model Setup.- 3 Increasing Returns.- 4 Decreasing Returns.- 5 Decreasing Returns and Market Interactions.- 6 Decreasing Returns and Risk Aversion.- 7 Numerieal Example.- 8 n Product Lines and T Periods.- 9 Discussion and Conclusion.- 4. Applying Project Selection at Gemstone.- 1 Introduction.- 2 The Diamond Producer GemStone Inc..- 3 Selecting the Portfolio at GemStone.- 4 Discussion and Conclusion.- Admitting Projects One-By-One.- 1 Introduction.- 2 Model Setup.- 3 Optimal policy.- 4 Discussion and Conclusion.- Prioritizing Ongoing Projects.- 1 Introduction.- 2 Model and Optimal Sequencing Policy.- 3 Discussion and Examples.- 4 Conclusion.- What Have We Learned?.- References.- About the Authors.

From the reviews: "This book is rooted in the mathematical theory of resource constrained optimization with the goal of maximization quantitative turns ... . It attempts to broaden the portfolio discussion in two ways. First, simplified models appropriate for a new product development context are described where the lack of precise data is typical. Second, not only the annual portfolio review is discussed, but also what should be done with ideas as they emerge, and how projects should be prioritized once they are funded and ongoing." (Klaus Ehemann, Zentralblatt MATH, Vol. 1056 (7), 2005)