Paper Title :A Study on the Estimation of Technology Life Time for R&D Programs in Preliminary Feasibility Study

Author :Taigun Lee

Article Citation :Taigun Lee , (2017 ) " A Study on the Estimation of Technology Life Time for R&D Programs in Preliminary Feasibility Study " , International Journal of Management and Applied Science (IJMAS) , pp. 81-84, Volume-3,Issue-6

Abstract : In Korea, The preliminary feasibility study (kind of ‘Ex-ante’ evaluation) of National R&D program had been introduced to demonstrate the feasibility of large-scale, long-term public investment R&D programs and also to enhance fiscal efficiency and productivity. In this paper, we presents a result of experimental study to estimate technology life for economic analysis of phased R&D programs, required in the preliminary feasibility study. Concerning the technology patents, which is a representative outcome of R&D activity, this paper comparatively reviewed the estimation results of technology life time for actual patent data and simply derived populations. In our experimental results, the high-value added patents determining the economic value of concerned technology field showed some tendency extending technology life time (cycle), so we suggested an alternative procedure of technology life time estimation using four different patent populations and samples. By detailed review of patents outcomes from some national R&D programs, we verified the possibility (needs) that the technology life value of phased R&D programs could be modified in the feasibility study. Index Terms- Technology life time, Patents populations and samples, Phased R&D program, Feasibility study

Type : Research paper

Published : Volume-3,Issue-6

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