Adaptation of the MIVES method for the strategic selection of new technologies at an R&D centre. Focus on the manufacturing sector

Rafael Lizarralde, Jaione Ganzarain and Mikel Zubizarreta

Technovation, 2022, vol. 115, issue C

Abstract: The key role of R&D Centers for technological development in industrial companies is undeniable and clearly impacts on the competitive strategies of industry. R&D Centers assume responsibility for the identification, selection, acquisition, development, and transfer of technology. Among their activities, the successful selection of new technologies is becoming a highly critical and complex challenge in the Technology Management Process. The problem underlying the right selection of new generations of technologies is, from a methodological perspective, linked to key heterogeneous (technological, economic, human, and organizational) factors. Even though previous research has focused on the selection of technologies within the industrial sector, there is little research on the selection of technology at R&D Institutions and, in particular, at R&D Centers. In this research, a Multiple Criteria Decision Making (MCDM)-based evaluation model for decision-making (MIVES), adaptable to one or several technologies, is therefore, employed. In such complex scenarios, MCDM models are a suitable approach to decision-making. The model is then applied to a real case study, in which the evaluation of a new technology at a Spanish R&D Center specializing in manufacturing is analyzed.

Keywords: R&D center; Technology selection; MIVES; Manufacturing (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:techno:v:115:y:2022:i:c:s0166497222000098

DOI: 10.1016/j.technovation.2022.102462

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