Title : 
Valuable patent or not? Depends on the combination of internal patent family and external citation
         
        
            Author : 
Chang, Yu-Hsin ; Yang, Wen Goang ; Lai, Kuei Kuei
         
        
            Author_Institution : 
Dept. of Bus. Adm., Nat. Yunlin Univ. of Sci. & Technol., Yunlin, Taiwan
         
        
        
        
        
        
            Abstract : 
In this article, we are going to find out the patent´s real value of itself through patent damage award. Damage award is what a patent fight to win. It might be a good approach to get patent monetary value. We find out a significant variable of forward citation representing deserved external reputation earned. Although family size is not significant, it provides better protection as internal portfolio planed. A new joint random variable EPR earn plan ratio, forward citation counts divide by family size, stand for whether a company internal strategical plan could earn external reputation. A low EPR represents that a company might put too much resource to less competitive innovations. It could help a company get its best patent portfolio management.
         
        
            Keywords : 
patents; research and development; strategic planning; R&D; company internal strategical plan; internal patent family; patent damage award; patent monetary value; valuable patent; Awards activities; Companies; Correlation; Databases; Law; Patents; Random variables;
         
        
        
        
            Conference_Titel : 
Technology Management for Global Economic Growth (PICMET), 2010 Proceedings of PICMET '10:
         
        
            Conference_Location : 
Phuket
         
        
            Print_ISBN : 
978-1-4244-8203-0
         
        
            Electronic_ISBN : 
978-1-890843-21-2