IDEAS home Printed from https://ideas.repec.org/p/rug/rugwps/10-632.html
   My bibliography  Save this paper

A compared R&D-based and patent-based cross impact analysis for identifying relationships between technologies

Author

Listed:
  • D. THORLEUCHTER
  • D. VAN DEN POEL
  • A. PRINZIE
  • -

Abstract

The planning of technological research and development (R&D) is demanding in areas with many relationships between technologies. To support decision makers of a government organization with R&D planning in these areas, a methodology to make the technology impact more transparent is introduced. The method shows current technology impact and impact trends from the R&D of an organization's competitors and compares these to the technology impact and impact trends from the organization's own R&D. This way, relative strength, relative weakness, plus parity of the organization's R&D activities in technology pairs can be identified. A quantitative cross impact analysis (CIA) approach is used to estimate the impact across technologies. Our quantitative CIA approach contrasts to standard qualitative CIA approaches that estimate technology impact by means of literature surveys and expert interviews. In this paper, the impact is computed based on the R&D information regarding the respective organization on one hand, and based on patent data representative regarding R&D information of the organization's competitors on the other hand. As an illustration, the application field 'defence' is used, where many interrelations and interdependencies between defence-based technologies occur. Firstly, an R&D-based and patent-based Compared Cross Impact (CCI) among technologies is computed. Secondly, characteristics of the CCI are identified. Thirdly, the CCI data is presented as a network to show the overall structure and the complex relationships between the technologies. Finally, changes of the CCI are analyzed over time. The results show that the proposed methodology generates useful insights for government organizations to direct technology investments.

Suggested Citation

  • D. Thorleuchter & D. Van Den Poel & A. Prinzie & -, 2010. "A compared R&D-based and patent-based cross impact analysis for identifying relationships between technologies," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 10/632, Ghent University, Faculty of Economics and Business Administration.
  • Handle: RePEc:rug:rugwps:10/632
    as

    Download full text from publisher

    File URL: http://wps-feb.ugent.be/Papers/wp_10_632.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Caselles-Moncho, Antonio, 1986. "An empirical comparison of cross-impact models for forecasting sales," International Journal of Forecasting, Elsevier, vol. 2(3), pages 295-303.
    2. Grigorios Tsoumakas & Ioannis Katakis, 2007. "Multi-Label Classification: An Overview," International Journal of Data Warehousing and Mining (IJDWM), IGI Global, vol. 3(3), pages 1-13, July.
    3. Narin, Francis & Noma, Elliot & Perry, Ross, 1987. "Patents as indicators of corporate technological strength," Research Policy, Elsevier, vol. 16(2-4), pages 143-155, August.
    4. K. Coussement & D. Van Den Poel, 2008. "Integrating the Voice of Customers through Call Center Emails into a Decision Support System for Churn Prediction," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 08/502, Ghent University, Faculty of Economics and Business Administration.
    5. Hirschey, Mark & Richardson, Vernon J., 2004. "Are scientific indicators of patent quality useful to investors?," Journal of Empirical Finance, Elsevier, vol. 11(1), pages 91-107, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Haegeman, Karel & Marinelli, Elisabetta & Scapolo, Fabiana & Ricci, Andrea & Sokolov, Alexander, 2013. "Quantitative and qualitative approaches in Future-oriented Technology Analysis (FTA): From combination to integration?," Technological Forecasting and Social Change, Elsevier, vol. 80(3), pages 386-397.
    2. D. Thorleuchter & D. Van Den Poel, 2012. "Improved Multilevel Security with Latent Semantic Indexing," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/811, Ghent University, Faculty of Economics and Business Administration.
    3. D. Thorleuchter & D. Van Den Poel, 2013. "Weak Signal Identification with Semantic Web Mining," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 13/860, Ghent University, Faculty of Economics and Business Administration.
    4. Tamar C Weenen & Bahar Ramezanpour & Esther S Pronker & Harry Commandeur & Eric Claassen, 2013. "Food-Pharma Convergence in Medical Nutrition– Best of Both Worlds?," PLOS ONE, Public Library of Science, vol. 8(12), pages 1-11, December.
    5. Venugopalan, Subhashini & Rai, Varun, 2015. "Topic based classification and pattern identification in patents," Technological Forecasting and Social Change, Elsevier, vol. 94(C), pages 236-250.
    6. D. Thorleuchter & D. Van Den Poel, 2013. "Semantic Compared Cross Impact Analysis," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 13/862, Ghent University, Faculty of Economics and Business Administration.
    7. Panula-Ontto, Juha & Luukkanen, Jyrki & Kaivo-oja, Jari & O'Mahony, Tadhg & Vehmas, Jarmo & Valkealahti, Seppo & Björkqvist, Tomas & Korpela, Timo & Järventausta, Pertti & Majanne, Yrjö & Kojo, Matti , 2018. "Cross-impact analysis of Finnish electricity system with increased renewables: Long-run energy policy challenges in balancing supply and consumption," Energy Policy, Elsevier, vol. 118(C), pages 504-513.
    8. Jongchan Kim & Joonhyuck Lee & Gabjo Kim & Sangsung Park & Dongsik Jang, 2016. "A Hybrid Method of Analyzing Patents for Sustainable Technology Management in Humanoid Robot Industry," Sustainability, MDPI, vol. 8(5), pages 1-14, May.
    9. Altuntas, Serkan & Dereli, Turkay & Kusiak, Andrew, 2015. "Analysis of patent documents with weighted association rules," Technological Forecasting and Social Change, Elsevier, vol. 92(C), pages 249-262.
    10. Ardito, Lorenzo & D'Adda, Diego & Messeni Petruzzelli, Antonio, 2018. "Mapping innovation dynamics in the Internet of Things domain: Evidence from patent analysis," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 317-330.
    11. D. Thorleuchter & D. Van Den Poel, 2012. "Protecting Research and Technology from Espionage," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/824, Ghent University, Faculty of Economics and Business Administration.
    12. D. Thorleuchter & D. Van Den Poel, 2013. "Quantitative Cross Impact Analysis with Latent Semantic Indexing," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 13/861, Ghent University, Faculty of Economics and Business Administration.
    13. Jang, Hyun Jin & Woo, Han-Gyun & Lee, Changyong, 2017. "Hawkes process-based technology impact analysis," Journal of Informetrics, Elsevier, vol. 11(2), pages 511-529.
    14. Gauch, Stephan & Blind, Knut, 2015. "Technological convergence and the absorptive capacity of standardisation," Technological Forecasting and Social Change, Elsevier, vol. 91(C), pages 236-249.
    15. D. Thorleuchter & D. Van Den Poel, 2012. "Technology Classification with Latent Semantic Indexing," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/814, Ghent University, Faculty of Economics and Business Administration.
    16. Joung, Junegak & Kim, Kwangsoo, 2017. "Monitoring emerging technologies for technology planning using technical keyword based analysis from patent data," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 281-292.
    17. Panula-Ontto, J. & Piirainen, K.A., 2018. "EXIT: An alternative approach for structural cross-impact modeling and analysis," Technological Forecasting and Social Change, Elsevier, vol. 137(C), pages 89-100.
    18. Kadaifci, Cigdem & Asan, Umut & Bozdag, Erhan, 2020. "A new 2-additive Choquet integral based approach to qualitative cross-impact analysis considering interaction effects," Technological Forecasting and Social Change, Elsevier, vol. 158(C).
    19. D. Thorleuchter & D. Van Den Poel & A. Prinzie, 2011. "Analyzing existing customers’ websites to improve the customer acquisition process as well as the profitability prediction in B-to-B marketing," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 11/733, Ghent University, Faculty of Economics and Business Administration.
    20. Puccetti, Giovanni & Giordano, Vito & Spada, Irene & Chiarello, Filippo & Fantoni, Gualtiero, 2023. "Technology identification from patent texts: A novel named entity recognition method," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    21. Panula-Ontto, Juha, 2019. "The AXIOM approach for probabilistic and causal modeling with expert elicited inputs," Technological Forecasting and Social Change, Elsevier, vol. 138(C), pages 292-308.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yu-Shan Chen & Ke-Chiun Chang, 2009. "Using neural network to analyze the influence of the patent performance upon the market value of the US pharmaceutical companies," Scientometrics, Springer;Akadémiai Kiadó, vol. 80(3), pages 637-655, September.
    2. Yu-Shan Chen & Ke-Chiun Chang, 2010. "The nonlinear nature of the relationships between the patent traits and corporate performance," Scientometrics, Springer;Akadémiai Kiadó, vol. 82(1), pages 201-210, January.
    3. Dar-Zen Chen & Wen-Yau Cathy Lin & Mu-Hsuan Huang, 2007. "Using Essential Patent Index and Essential Technological Strength to evaluate industrial technological innovation competitiveness," Scientometrics, Springer;Akadémiai Kiadó, vol. 71(1), pages 101-116, April.
    4. Frietsch, Rainer & Neuhäusler, Peter & Rothengatter, Oliver, 2012. "Patent Applications – Structures, Trends and Recent Developments," Studien zum deutschen Innovationssystem 8-2012, Expertenkommission Forschung und Innovation (EFI) - Commission of Experts for Research and Innovation, Berlin.
    5. Guan-Can Yang & Gang Li & Chun-Ya Li & Yun-Hua Zhao & Jing Zhang & Tong Liu & Dar-Zen Chen & Mu-Hsuan Huang, 2015. "Using the comprehensive patent citation network (CPC) to evaluate patent value," Scientometrics, Springer;Akadémiai Kiadó, vol. 105(3), pages 1319-1346, December.
    6. Jun Hong Park & Sang Ho Kook & Hyeonu Im & Soomin Eum & Chulung Lee, 2018. "Fabless Semiconductor Firms’ Financial Performance Determinant Factors: Product Platform Efficiency and Technological Capability," Sustainability, MDPI, vol. 10(10), pages 1-22, September.
    7. Lorenz, Steffi, 2015. "Diversität und Verbundenheit der unternehmerischen Wissensbasis: Ein neuartiger Messansatz mit Indikatoren aus Innovationsprojekten," Discussion Papers on Strategy and Innovation 15-01, Philipps-University Marburg, Department of Technology and Innovation Management (TIM).
    8. Lee, Changyong & Cho, Yangrae & Seol, Hyeonju & Park, Yongtae, 2012. "A stochastic patent citation analysis approach to assessing future technological impacts," Technological Forecasting and Social Change, Elsevier, vol. 79(1), pages 16-29.
    9. Manuel Acosta & Daniel Coronado & Esther Ferrándiz & Manuel Jiménez, 2022. "Effects of knowledge spillovers between competitors on patent quality: what patent citations reveal about a global duopoly," The Journal of Technology Transfer, Springer, vol. 47(5), pages 1451-1487, October.
    10. Gaétan de Rassenfosse & Adam B. Jaffe, 2018. "Are patent fees effective at weeding out low‐quality patents?," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 27(1), pages 134-148, March.
    11. Neuhäusler, Peter & Frietsch, Rainer, 2017. "Global innovations: Evidence from patent data," Studien zum deutschen Innovationssystem 13-2017, Expertenkommission Forschung und Innovation (EFI) - Commission of Experts for Research and Innovation, Berlin.
    12. Hana Kim & Eungdo Kim, 2018. "How an Open Innovation Strategy for Commercialization Affects the Firm Performance of Korean Healthcare IT SMEs," Sustainability, MDPI, vol. 10(7), pages 1-14, July.
    13. Lee, Changyong & Jeon, Daeseong & Ahn, Joon Mo & Kwon, Ohjin, 2020. "Navigating a product landscape for technology opportunity analysis: A word2vec approach using an integrated patent-product database," Technovation, Elsevier, vol. 96.
    14. Fischer, Timo & Henkel, Joachim, 2012. "Patent trolls on markets for technology – An empirical analysis of NPEs’ patent acquisitions," Research Policy, Elsevier, vol. 41(9), pages 1519-1533.
    15. Gomes-Casseres, Benjamin & Hagedoorn, John & Jaffe, Adam B., 2006. "Do alliances promote knowledge flows?," Journal of Financial Economics, Elsevier, vol. 80(1), pages 5-33, April.
    16. Arvids A. Ziedonis, 2007. "Real Options in Technology Licensing," Management Science, INFORMS, vol. 53(10), pages 1618-1633, October.
    17. Arno de Caigny & Kristof Coussement & Koen W. de Bock & Stefan Lessmann, 2019. "Incorporating textual information in customer churn prediction models based on a convolutional neural network," Post-Print hal-02275958, HAL.
    18. Basse Mama, Houdou, 2018. "Nonlinear capital market payoffs to science-led innovation," Research Policy, Elsevier, vol. 47(6), pages 1084-1095.
    19. Bart Leten & Rene Belderbos & Bart Van Looy, 2016. "Entry and Technological Performance in New Technology Domains: Technological Opportunities, Technology Competition and Technological Relatedness," Journal of Management Studies, Wiley Blackwell, vol. 53(8), pages 1257-1291, December.
    20. Christian Nielsen & Gunnar Rimmel & Tadanori Yosano, 2015. "Outperforming markets: IC and the long-term performance of Japanese IPOs," Accounting Forum, Taylor & Francis Journals, vol. 39(2), pages 83-96, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rug:rugwps:10/632. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nathalie Verhaeghe (email available below). General contact details of provider: https://edirc.repec.org/data/ferugbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.