Abstract
Knowledge management (KM) is recognized as a significant activity in order for enterprises to survive in today’s competitive environment, and one of the most challenging topics in KM is how to analyze the value of knowledge in a quantitative way. In order to avoid descriptive arguments, this paper restricts knowledge to the context of product development, and proposes some effective definitions and measurements of knowledge value. Based on these, the values of both tacit and explicit knowledge can be quantified, and finally, Knowledge Integrated Production System (KIPS) is introduced, which encompasses product development and knowledge evolution. In particular, KIPS enables the quantitative analysis of knowledge value, and the mutual impact of value addition between knowledge and product is revealed.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
