Conference Session

Mathematics Division Technical Session 1

Collection

2016 ASEE Annual Conference & Exposition

Authors

Jing Zhang, Virginia State University; Yongjin Lu, Virginia State University ; Zhifu Xie, Virginia State University; Dawit Haile, Virginia State University; Keith Williamson, Virginia State University

Tagged Divisions

Mathematics

firmshould apply to select an academic collaborator to optimize its payoff from its R&Dinvestment. We also analyze the criteria a research team should apply to select aresearch project from a firm to advance its stock of knowledge. In our model, a firm links to a university to form a R&D research consortiumto conduct an innovation R&D project. The firm provides the investment, which isthe cost of project conduction carried out at the university. The university receivesthe investment and conduct the research for the project. The outcome of theseprojects, in the form of stock of knowledge and preparation for students, benefitsboth sides and gives a win-win situation: the firm uses the new innovation to reduceits production cost; the