“…For example, Gerald (2000) applied simple manufacturing model in business and manufacturing industry, Kim's (1999) endogenous growth model was based on operations management and economic growth, Gupta (1998) developed a dynamic technology transfer model, Seron (1996) proposed a network model for information system and technologies, Lulu et al's (1996) proposed decision based model, Kumar's (1995) discussed partner selection criterion models and among others are Wong's (1995) descriptive validation model, Marjit's (1994) general equilibrium model for least developing countries (LDC's), Padmanabhan et al's (1994) Brownian motion model, Seaton et al's (1993) interactive models of industrial technological transfer, Wang et al's (1992) simple model for foreign investment and Technology Transfer (TT), Myllyntau's (1990) Finish model of TT, Madu's (1988) economic model, Succar's (1987) endogenous technological assimilation model for LDC's and Miyagiwa's (1988) Richardo-Viner trade model. Moreover, some of the technology diffusion studies conducted by Sharif and Haq (1980), Blackman et al (1973), Fisher and Pry (1971), Mansfield (1961) and TT-processes by Stock and Tatikonda (2000), Lin and Berg (2001) and an update review of research and theory on TT by Bozeman (2000) and Jayaraman et al (2002) and further references therein can provide other examples in the area of technology transfer modeling.…”