Developing R&D Portfolio Business Validity Simulation Model and System

The R&D has been recognized as critical method to take competitiveness by not only companies but also nations with its value creation such as patent value and new product. Therefore, R&D has been a decision maker’s burden in that it is hard to decide how much money to invest, how long time o...

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Main Authors: Hyun Jin Yeo, Kwang Hyuk Im
Format: Article
Language:English
Published: Wiley 2015-01-01
Series:The Scientific World Journal
Online Access:http://dx.doi.org/10.1155/2015/348369
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author Hyun Jin Yeo
Kwang Hyuk Im
author_facet Hyun Jin Yeo
Kwang Hyuk Im
author_sort Hyun Jin Yeo
collection DOAJ
description The R&D has been recognized as critical method to take competitiveness by not only companies but also nations with its value creation such as patent value and new product. Therefore, R&D has been a decision maker’s burden in that it is hard to decide how much money to invest, how long time one should spend, and what technology to develop which means it accompanies resources such as budget, time, and manpower. Although there are diverse researches about R&D evaluation, business factors are not concerned enough because almost all previous studies are technology oriented evaluation with one R&D technology based. In that, we early proposed R&D business aspect evaluation model which consists of nine business model components. In this research, we develop a simulation model and system evaluating a company or industry’s R&D portfolio with business model point of view and clarify default and control parameters to facilitate evaluator’s business validity work in each evaluation module by integrate to one screen.
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institution Kabale University
issn 2356-6140
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language English
publishDate 2015-01-01
publisher Wiley
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series The Scientific World Journal
spelling doaj-art-400cb30a7fad423ea547ba6dc7395fba2025-02-03T07:25:56ZengWileyThe Scientific World Journal2356-61401537-744X2015-01-01201510.1155/2015/348369348369Developing R&D Portfolio Business Validity Simulation Model and SystemHyun Jin Yeo0Kwang Hyuk Im1Division of Digital Contents, Dongseo University, 47 Jurye-ro, Sasang-Gu, Busan 617-716, Republic of KoreaDepartment of Electronic Commerce, Paichai University, 155-40 Baejae-ro, Seo-Gu, Daejeon 302-735, Republic of KoreaThe R&D has been recognized as critical method to take competitiveness by not only companies but also nations with its value creation such as patent value and new product. Therefore, R&D has been a decision maker’s burden in that it is hard to decide how much money to invest, how long time one should spend, and what technology to develop which means it accompanies resources such as budget, time, and manpower. Although there are diverse researches about R&D evaluation, business factors are not concerned enough because almost all previous studies are technology oriented evaluation with one R&D technology based. In that, we early proposed R&D business aspect evaluation model which consists of nine business model components. In this research, we develop a simulation model and system evaluating a company or industry’s R&D portfolio with business model point of view and clarify default and control parameters to facilitate evaluator’s business validity work in each evaluation module by integrate to one screen.http://dx.doi.org/10.1155/2015/348369
spellingShingle Hyun Jin Yeo
Kwang Hyuk Im
Developing R&D Portfolio Business Validity Simulation Model and System
The Scientific World Journal
title Developing R&D Portfolio Business Validity Simulation Model and System
title_full Developing R&D Portfolio Business Validity Simulation Model and System
title_fullStr Developing R&D Portfolio Business Validity Simulation Model and System
title_full_unstemmed Developing R&D Portfolio Business Validity Simulation Model and System
title_short Developing R&D Portfolio Business Validity Simulation Model and System
title_sort developing r d portfolio business validity simulation model and system
url http://dx.doi.org/10.1155/2015/348369
work_keys_str_mv AT hyunjinyeo developingrdportfoliobusinessvaliditysimulationmodelandsystem
AT kwanghyukim developingrdportfoliobusinessvaliditysimulationmodelandsystem