Portfolio - Research Portfolio
Returns on Grants: Benchmark of R&D Output
In the citation for Barbara McClintock's Nobel Prize,
Professor Ringertz of Karolinska Institute said the
following to Dr. McClintock, "your work is encouraging
because it shows that great discoveries can still be made
with simple tools." I am a proponent of good
stewardship of R&D grants as a large part of it are
public funds. As an academic, I will want my students to
leave me with a strong concept that R&D dollars is a
privilege. However, there is no real measure and benchmark
of R&D output. Hence, I am adapting the concept of
"Returns on Equity" and "Returns on Investment" to measure
my own efficiency in using grants, naming it "Returns on
Grants" or ROG.
Grants comprises of the total amount of money I am given for research and development activities. ROG will then be the quotient of grants less allowable deductions (accessible grant) and the number of manuscripts produced.
The allowable deductions are:
Number of manuscripts equivalents are computed as follow: Each peer-reviewed manuscript is considered as one manuscript. Each book (monograph or collection) is 0.6 manuscript. Each book chapter (both peer-reviewed and un-reviewed) is 0.3 manuscript. Each technical report, R&D-based un-reviewed manuscript, abstract, poster and talk is 0.1 manuscript.
Hence, my Return on Grants is calculated to be $7361 per manuscript equivalent. Details are as follows:
Number of manuscripts equivalents = 58.2 comprising of