A Real Option Based Model for the Valuation of Patent Protected Technological Innovation Projects

Hernandez-Garcia, Daniel; Güemes‐Castorena, David; Jaramillo, Idalia Ponce

doi:10.23919/picmet.2017.8125335

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Framework Of Real Option Approach For Patents1

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2023

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“…The process of development and commercialization is described as a time series process, and the expectations of developers are subject to random influences at each stage, and if developers believe that the costs outweigh the benefits, they will choose to stop the development. Scholars such as Hernandez-Garcia et al [5], Iazzolino and Migliano [6] have used this method for pricing.…”

Section: Framework Of Real Option Approach For Patentsmentioning

confidence: 99%

Real Option Approach and Multi-Stage Fuzzy Decision-Making System for IP Valuation

Liu,

Li,

Liang

2023

Proceedings of the 2nd International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2023, July 7–

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This article delves into the pricing of intellectual property (IP) valuation and proposes the Real Option Approach (ROA) as a suitable method. Drawing on an overview of previous research on ROA, IP pricing, and fuzzy inference systems, a FIS approach is introduced to optimize real options. This approach utilizes a multi-stage fuzzy decisionmaking system comprising 15 variables and 11 fuzzy decision-making rules. The patent is considered as an asset that requires commercialization and generates positive cash flow after the development process. After establishing underlying distributions of parameters, simulation results suggest us to admit the system's stability and the pricing of intelligence property.

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Section: Framework Of Real Option Approach For Patentsmentioning

confidence: 99%