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Bayesian Structural Time Series and Regression Modeling for Sustainable Technology Management

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  • Sunghae Jun

    (Department of Big Data and Statistics, Cheongju University, Chungbuk 28503, Korea)

Abstract

Many companies take the sustainability of their technologies very seriously, because companies with sustainable technologies are better able to survive in the market. Thus, sustainable technology analysis is important issue in management of technology (MOT). In this paper, we study the management of sustainable technology (MOST). This focuses on the sustainable technology in various MOT fields. In the MOST, sustainable technology analysis is dependent on time periods. We propose a method of sustainable technology analysis using a Bayesian structural time series (BSTS) model based on time series data. In addition, we use the Bayesian regression to find the relational structure between technologies. To show the performance of our method and how the method can be applied to practical works, we carry out a case study using the patent data related to artificial intelligence technologies.

Suggested Citation

  • Sunghae Jun, 2019. "Bayesian Structural Time Series and Regression Modeling for Sustainable Technology Management," Sustainability, MDPI, vol. 11(18), pages 1-12, September.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:18:p:4945-:d:265945
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    References listed on IDEAS

    as
    1. Junseok Lee & Ji-Ho Kang & Sunghae Jun & Hyunwoong Lim & Dongsik Jang & Sangsung Park, 2018. "Ensemble Modeling for Sustainable Technology Transfer," Sustainability, MDPI, vol. 10(7), pages 1-15, July.
    2. Sangsung Park & Seung-Joo Lee & Sunghae Jun, 2015. "A Network Analysis Model for Selecting Sustainable Technology," Sustainability, MDPI, vol. 7(10), pages 1-16, September.
    3. Junhyeog Choi & Sunghae Jun & Sangsung Park, 2016. "A Patent Analysis for Sustainable Technology Management," Sustainability, MDPI, vol. 8(7), pages 1-13, July.
    4. Jong-Min Kim & Bainwen Sun & Sunghae Jun, 2019. "Sustainable Technology Analysis Using Data Envelopment Analysis and State Space Models," Sustainability, MDPI, vol. 11(13), pages 1-19, June.
    5. Hosseini, Seyedmohsen & Barker, Kash, 2016. "A Bayesian network model for resilience-based supplier selection," International Journal of Production Economics, Elsevier, vol. 180(C), pages 68-87.
    6. Juhwan Kim & Sunghae Jun & Dongsik Jang & Sangsung Park, 2018. "Sustainable Technology Analysis of Artificial Intelligence Using Bayesian and Social Network Models," Sustainability, MDPI, vol. 10(1), pages 1-12, January.
    7. Sungchul Kim & Dongsik Jang & Sunghae Jun & Sangsung Park, 2015. "A Novel Forecasting Methodology for Sustainable Management of Defense Technology," Sustainability, MDPI, vol. 7(12), pages 1-17, December.
    8. Sangsung Park & Sunghae Jun, 2017. "Statistical Technology Analysis for Competitive Sustainability of Three Dimensional Printing," Sustainability, MDPI, vol. 9(7), pages 1-16, June.
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    Cited by:

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    4. Pairach Piboonrungroj & Satawat Wannapan & Chukiat Chaiboonsri, 2023. "The Impact of Gastronomic Tourism on Thailand Economy: Under the Situation of COVID-19 Pandemic," SAGE Open, , vol. 13(1), pages 21582440231, February.

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