@TECHREPORT\{IMM2003-02834, author = "J. Schj{\o}dt-Eriksen and J. Clausen", title = "Optimization and Simulation in Drug Development - Review and Analysis", year = "2003", keywords = "Pharmaceutical R\&{D,} Drug Discovery and Development, Modelling and simulation, Clinical Trial Simulation Portfolio optimization", number = "", series = "IMM-Technical report-2003-26", institution = "Informatics and Mathematical Modelling, Technical University of Denmark, {DTU}", address = "Richard Petersens Plads, Building 321, {DK-}2800 Kgs. Lyngby", type = "", url = "http://www2.compute.dtu.dk/pubdb/pubs/2834-full.html", abstract = "We give a review of pharmaceutical R\&D and mathematical simulation and optimization methods used to support decision making within the pharmaceutical development process. The complex nature of drug development is pointed out through a description of the various phases of the pharmaceutical development process. A part of the paper is dedicated to the use of simulation techniques to support clinical trials. The paper ends with a section describing portfolio modelling methods in the context of the pharmaceutical industry." }