Measuring newness

Myron M. Melenevsky

Naval Research Logistics (NRL), 1996, vol. 43, issue 3, 335-348

Abstract: This article deals with “newness,” an important characteristic of research‐and‐development (R&D) projects. Newness consumes resources and provides effectiveness or profit, and is mainly considered to be of a qualitative nature yielding only to an expert's intuition. This article is focused on a numerical measure of newness and the closely connected concept of technological advance. The measure is described in a technical parameter space against a set of analogous objects, presented by its center, eigenvalues and eigenvectors. Specific features and behavior of the selected measure of newness are analyzed. A numerical example is also included. © 1996 John Wiley & Sons, Inc.

Date: 1996
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https://doi.org/10.1002/(SICI)1520-6750(199604)43:33.0.CO;2-A

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:43:y:1996:i:3:p:335-348

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