Systematic monitoring of competitors' patents using 2-dimensional hybrid similarity method

Kang, Jahyo; Lee, Hyuck Jai; Youngjoo, Moon

doi:10.1145/2103380.2103431

Cited by 3 publications

(4 citation statements)

References 5 publications

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“…Some studies have been conducted on technology valuation models using marketbased approaches. Kang et al [3] conducted a study that calculated the similarity between technologies using patent classification codes and keyword information. Kang et al [1] developed a market replacement cost approach to evaluate the value of the technology being assessed based on the cost of similar projects extracted from keyword information.…”

Section: Market-based Technology Valuation Methodsmentioning

confidence: 99%

“…In this regard, research has been conducted on technology valuation models using market-based approaches. Kang et al [3] conducted a study that calculated the similarity between technologies using patent classification codes and keyword information, and Kang et al [1] developed a market replacement cost approach to evaluate the value of the technology being assessed based on the cost of similar projects extracted from keyword information. Lim et al [4] developed a conceptual model to calculate the market value of a technology based on a technology transfer system that included technology, technology value, and market value.…”

Section: Introductionmentioning

confidence: 99%

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A Novel Methodology for Estimating Technology Value and Importance of Factors in Market-Based Approach

Yoon,

Bose,

Park

et al. 2023

Systems

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Technology valuation methods are classified into income-based, cost-based, and market-based approaches depending on the perspective of valuing technology. The market approach evaluates the value of technology by referring to cases in which similar technologies have been traded before. In this study, we use prior technology transaction data to estimate the technology value based on the market approach and to identify influential factors to the estimated value. To this end, we adopt a multivariate k-nearest neighbor (MKNN) regression model to accommodate mixed-type input variables aiming at estimating multivariate technology values, selecting influencing factors, and the relative importance of the selected factors. In addition, we can optimize the number of transaction cases k in k-NN regression. Our proposed regression model outperforms an embedding model with cosine similarity in predicting multivariate response variables. In addition, we illustrate how to select and assess the influential factors based on the real-life dataset.

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Section: Market-based Technology Valuation Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A Novel Methodology for Estimating Technology Value and Importance of Factors in Market-Based Approach

Yoon,

Bose,

Park

et al. 2023

Systems

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“…However, the figure is not sufficient for transaction cases in which the comparability of existing similar assets and the issue of comparability in transaction cases and confidentiality of analysis outcome remain unsolved. Kang et al (2011) proposed a method for the valuation of technology and similar patent technologies by simultaneously measuring the similarity of patent classification codes and text keywords based on similar patent claims. The method positioned them in identical domains and then visualized them in a two-axis mode.…”

Section: Market Approach To Technology Valuationmentioning

confidence: 99%

“…The method positioned them in identical domains and then visualized them in a two-axis mode. In addition, introduced the two-axis mixed similarity measurement model suggested by Kang et al (2011) as a way to measure similarity to see whether conventional patents similarly subject to valuation were traded in the market or not. However, there were difficulties in the application of the effective market approach.…”

Section: Market Approach To Technology Valuationmentioning

confidence: 99%

Market Approach to Valuation Based on Technology Transfer Cases in Korea

Kim¹,

Lee²,

Park³

2013

KTIS

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This study secured comparable sales transaction information of technology transfer corresponding to an active market conditions and proposes a method to assess the similarity of technologies with regard to comparability of technology transfer based on these cases information. In order to analyze the association and similarity between target technology and sales transactions, it proposes the significant factors affecting royalty decision and the cosine coefficient method by industry categories. It also proposes the method to adjust royalty, which means that this method unlike the conventional method provides clear standards to valuators in order to revise royalty. Therefore, it offers a solution to the difficulties of applying the market approach for a lot of valuators that have wanted to apply it and objective method to enhance the reliability of the value of intangible asset evaluated by the market approach.

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A Study on Generating Novel Inventions Based on F-Term Classification

Ohtsuka

Takahashi

2017

2017 Portland International Conference on Management of Engineering and Technology (PICMET)

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Systematic monitoring of competitors' patents using 2-dimensional hybrid similarity method

Cited by 3 publications

References 5 publications

A Novel Methodology for Estimating Technology Value and Importance of Factors in Market-Based Approach

A Novel Methodology for Estimating Technology Value and Importance of Factors in Market-Based Approach

Market Approach to Valuation Based on Technology Transfer Cases in Korea

A Study on Generating Novel Inventions Based on F-Term Classification

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