Quantitative Models in Life Science Business : From Value Creation to Business Processes / / edited by Jung Kyu Canci, Philipp Mekler, Gang Mu.

• Superior document: SpringerBriefs in Economics,
• HerausgeberIn: Canci, Jung Kyu.; Mekler, Philipp.; Mu, Gang.
• Place / Publishing House: Cham : : Springer International Publishing :, Imprint: Springer,, 2023.
• Year of Publication: 2023
• Edition: 1st ed. 2023.
• Language: English
• Series: SpringerBriefs in Economics,
• Physical Description: 1 online resource (IX, 127 p. 25 illus., 13 illus. in color.)
• ISBN: 3031118146
• ISSN: 2191-5512
• Access: Open Access
• Hierarchical level: Monograph
• Statement of Responsibility: edited by Jung Kyu Canci, Philipp Mekler, Gang Mu.

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. .