Discovering the value of a patent licensing opportunity with a fuzzy binomial model

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    1 Citeringar (Scopus)

    Sammanfattning

    Most of the methods for estimating the monetary value of patents can be categorized into one of the three conventional discounted cash flow-based approaches, which exhibit two major pitfalls. Firstly, the patent cash flows could not be estimated precisely due to the poor transparency in and the illiquidity of the patent market. Secondly, the value of managerial flexibility which stems from a patent proprietor's right to choose among different patent exploitation strategies could not be systematically revealed through the discounted cash flow analysis. This paper proposes a fuzzy binomial model which is capable of not only assessing the value of a given patent under a fuzzy environment, but revealing the economic value of its inherent managerial flexibility, such as the embedded licensing opportunity.
    OriginalspråkOdefinierat/okänt
    Titel på gästpublikation(FUZZ-IEEE) 2015, IEEE International Conference on Fuzzy Systems
    FörlagIEEE International Conference on Fuzzy Systems
    Sidor
    ISBN (tryckt)978-1-4673-7428-6
    DOI
    StatusPublicerad - 2015
    MoE-publikationstypA4 Artikel i en konferenspublikation
    EvenemangIEEE International Conference on Fuzzy Systems - IEEE International Conference on Fuzzy Systems
    Varaktighet: 2 aug 20155 aug 2015

    Konferens

    KonferensIEEE International Conference on Fuzzy Systems
    Period02/08/1505/08/15

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