Developement of the Patent Prioritization Model using the Electre Method and Analytic Hierarchy Process: A Case Study of Technology Selection in a Cellphone Company

Journal Title: Roshd-e-Fanavari - Year 2019, Vol 15, Issue 58

Abstract

With the advent of growing knowledge of the economy and the rapid growth of technology, intellectual property has become the focus of attention of corporate investment managers and researchers. Patent are considered to be the most important intellectual asset, and one of the reasons for this is the extensive research that has been done on the various dimensions of these rights. The patent provides the possessor with the possibility to use the technology exclusively for a limited period (often twenty years). Since many industrial and service companies need to acquire new technologies by the purchase of patent rights to maintain their competitive advantage and sustained business growth, the issue of patent assessment has become a serious challenge in the field of technology. In this research, a model for evaluating and ranking patents based on multi-criteria programming methods is presented and then the resulting model is implemented in a cell phone company. The company is required to choose a technology from four technologies: (1) a dual display, (2) missing phone tracking, (3) wireless communications security, and (4) remote banking to develop its products. The implementation of the model is based on four main criteria: (1) the essence of technology, (2) the cost of technology, (3) the product market, and (4) the technology market in the company led to the choice of wireless security technology. Also the accuracy of the result obtained from the implementation of the research model has been confirmed by the method of ELECTRE.

Authors and Affiliations

Mahdi Khojasteh, Maryam Ashrafi

Keywords

Related Articles

An Optimized Structure for VC Investment Companies

"This article seeks to browse among history, role, significance as well as economic function of venture capitals. To this end, it is endeavored to consider venture capital concept with a comprehensive and full detailed v...

Identifying the Indicators of National Knowledge Creation, National Intelligence and Gross Domestic Product (Systematic Literature Review)

The role of knowledge and knowledge management in flourishing the economies is undeniable and can be mentioned as an important factor of increasing productivity and GDP of the countries. Intelligence has attracted the at...

Exploring the Impact of Creativity and Innovation Management, and Technology Scouting on Organizations in Turbulent Environment for Long-term Survival

"Large and small companies are faced with a significant environmental complexity and turbulent business world. The world is changing at an unprecedented rate due to technological advances. For most businesses, the abilit...

Impact of Knowledge Management on Private Banks Performance Through Mediation of Service Quality (Case Study: Private Banks of Kermanshah)

Identifying the needs and desires of employees and customers always includes a set of hidden dimensions, in accordance with the culture and conditions of each country. Knowledge management is a useful tool for banks to m...

The Role of Technology Transfer Via Import and Export Industrial Products on Iran's Economic Growth

The use of Technology in importing and exporting of industrial goods leads to increase in the level of knowledge and the share of industries based on advanced technologies in gross domestic product and export growth. The...

Download PDF file
  • EP ID EP603097
  • DOI 10.7508/jstpi.2019.02.007
  • Views 47
  • Downloads 0

How To Cite

Mahdi Khojasteh, Maryam Ashrafi (2019). Developement of the Patent Prioritization Model using the Electre Method and Analytic Hierarchy Process: A Case Study of Technology Selection in a Cellphone Company. Roshd-e-Fanavari, 15(58), 58-64. https://europub.co.uk/articles/-A-603097