INTEGRATED TECHNOLOGY ROADMAPPING TOOL TO AID THE DECISION-MAKING OF R&D INVESTMENTS

Husam Arman (), Nabil Gindy (), Mohammad Kabli () and Shirley Cavin ()
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Husam Arman: Strategic Planning and Evaluation Office, Kuwait Institute for Scientific Research (KISR), Kuwait
Nabil Gindy: Department of Mechanical, Materials and Manufacturing Engineering, University of Nottingham, Nottingham, UK
Mohammad Kabli: Department of Industrial Engineering, King Abdulaziz University, Jeddah, Saudi Arabia
Shirley Cavin: Department of Mechanical, Materials and Manufacturing Engineering, University of Nottingham, Nottingham, UK

International Journal of Innovation and Technology Management (IJITM), 2014, vol. 11, issue 02, 1-21

Abstract: The technology planning activity that leads to an effective R&D portfolio must involve decisions that are taken under a considerable degree of uncertainty. In this paper, we describe an integrated technology planning approach with the focus on the use of technology roadmapping concept in a systematic process, using dedicated and customized software which utilizes integer linear programming (ILP) tools, to aid decision-makers in selecting the optimum portfolio of R&D projects in the manufacturing processes of large, high-technology companies. The optimum portfolio is based on the projects' contribution toward company's business and market requirements employing Strategic Technology Alignment Roadmapping (STAR) process, which is being developed at the University of Nottingham. The STAR methodology and the software tool have been tested in industrial scenarios using real data from two high-tech companies.

Keywords: Technology roadmapping; R&D strategy; integer linear programming; technology planning and portfolio optimization (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1142/S0219877014500060

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