Quantitative Models in Life Science Business: From Value Creation to Business Processes
- ISBN-10
- 3031118146
- ISBN-13
- 9783031118142
- Category
- Business & Economics
- Pages
- 131
- Language
- English
- Published
- 2022-11-16
- Publisher
- Springer Nature
- Authors
- Jung Kyu Canci, Philipp Mekler, Gang Mu
Description
This open access book explores the field of life science business from a multidisciplinary perspective. Applying statistical, mathematical, game-theoretic, and data science tools to pharmaceutical and biotechnology business endeavors, the book describes value creation, value maintenance, and value realization in the life sciences as a sequence of processes using the quantitative language of applied mathematics. Written by experts from a variety of fields, the contributions illustrate the shift from a deterministic to a stochastic view of the processes involved, offering a new perspective on life sciences economics. The book covers topics such as valuing and managing intellectual property in life science, licensing in the pharmaceutical business, outsourcing pharmaceutical R&D, and stochastic modelling of a pharmaceutical supply chain. The book will appeal to scholars of economics and the life sciences, as well as to professionals in chemical and pharmaceutical industries.
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