Abstract
Article history: Received October 15, 2011 Received in Revised form October, 30, 2011 Accepted 20 January 2012 Available online 6 February 2012 Technology transfer has been a very frequent activity in the industrial world nowadays. Technology valuation, and in particular technology pricing, has played a considerable role in these transactions, in spite of a huge amount of limitations in the pricing methodologies applied. Making a sound, traceable and reliable means for applying the price evaluation procedure, seems as a technological requirement to be traced for. The objective of delivering this paper is to introduce a new numerical technology pricing method to provide the two transacting parties a unique compromised price. A three-dimensional model for technology pricing is proposed and The TOPSPS algorithm has been utilized to select the most similar technologies to the intended one and the constructed scoring system is applied to calculate the final technology price accordingly. © 2012 Growing Science Ltd. All rights reserved.
Highlights
During the past three decades, there have been tremendous efforts on providing efficient methods to choose an appropriate method for pricing technology (Hultén et al, 2009; Jafarnejad, 2007)
The objective of delivering this paper is to introduce a new numerical technology pricing method to provide the two transacting parties a unique compromised price
Yongtae and Gwangman (2004) designed a new method for technology valuation in monetary value based on defining technology influencing
Summary
During the past three decades, there have been tremendous efforts on providing efficient methods to choose an appropriate method for pricing technology (Hultén et al, 2009; Jafarnejad, 2007). Following Razgaitis researches, Chiu and chen (2007) divided influencing factors of patent value into four groups, which are essence of technology, cost dimension, product market and technology market. Several pricing methodologies have been developed by different researchers of the costing field during the past years, but there are new emerging methods being generated and since the technology is complicated itself in nature and nobody can restrict the factors influencing its price in different situation. Identifying influencing factors on the price of technology is one of the most important issues in determining the relationships between know-how and market expectations In this new proposed method, field studies and expanded literature review have been utilized to determine affective factors on technical knowledge pricing
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