A patent portfolio-based approach for assessing potential R&D partners: An application of the Shapley value

Bomi Song, Hyeonju Seol and Yongtae Park

Technological Forecasting and Social Change, 2016, vol. 103, issue C, 156-165

Abstract: We propose a patent portfolio-based approach for assessing potential R&D partners that can consider the inter-partner resource fit in the assessment process. The concept of an integrated patent portfolio is suggested and its value is designed to reflect the resource fit between potential R&D partners. The Shapley value is applied to assess the contribution of each potential partner to the value of the integrated patent portfolio. A case study of a lighting control system is presented to show the feasibility and advantages of our method. Overcoming the weakness of individual capability-focused evaluation of potential R&D partners, our method can better inform decision makers and experts in the partner selection process by enabling more comprehensive assessment of potential R&D partners.

Keywords: Technological cooperation; R&D partners; Patent analysis; Resource fit; Patent portfolio; Shapley value (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:103:y:2016:i:c:p:156-165

DOI: 10.1016/j.techfore.2015.10.010

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