DocumentCode :
3349720
Title :
Application of analytic hierarchy process for Intellectual Property Rights in High-Tech Public Corporation
Author :
Zhang Kai
Author_Institution :
Inst. of Policy & Manage., Chinese Acad. of Sci., Beijing, China
Volume :
4
fYear :
2011
fDate :
26-28 July 2011
Firstpage :
1985
Lastpage :
1988
Abstract :
This paper addresses the theme of analytic hierarchy process in Intellectual Property Rights (IPRs) of High-Tech Public Corporation considering the characteristics of Intellectual Property Rights (IPRs) (including high-risk, multi-stage, expandability, product life circle, etc.).The paper expanse Discounted Cash flow Analysis, relative valuation method and Black-Scholes formula to the analytic hierarchy process model for evaluating of the uncertainty. A solution algorithm which transforms the Black-Scholes equation into constant coefficient diffusion equation is developed. The expanded analytic hierarchy process under uncertainty achieves investment decision-making optimality that is generally not well presented in traditional approaches for Intellectual Property Rights (IPRs).
Keywords :
decision making; industrial property; investment; organisational aspects; Black-Scholes formula; IPR; analytic hierarchy process application; coefficient diffusion equation; discounted cash flow analysis; high-tech public corporation; intellectual property rights; relative valuation method; Cost accounting; Indexes; Investments; Mathematical model; Patents; Uncertainty; Black-Scholes formula; Discounted Cash flow; R&D; analytic hierarchy process; real option;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Natural Computation (ICNC), 2011 Seventh International Conference on
Conference_Location :
Shanghai
ISSN :
2157-9555
Print_ISBN :
978-1-4244-9950-2
Type :
conf
DOI :
10.1109/ICNC.2011.6022555
Filename :
6022555
Link To Document :
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