The Technology Efficiency Index: A method for measuring process technologies

The Technology Efficiency Index: A method for measuring process technologies

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Article ID: iaor1988893
Country: United States
Volume: 35
Issue: 1
Start Page Number: 51
End Page Number: 62
Publication Date: Mar 1989
Journal: Technological Forecasting & Social Change
Authors:
Keywords: engineering
Abstract:

A method for measuring technologies to be applied in the chemical processing industries is proposed. A Technology Efficiency Index (TEI) is established. This index is based on factors objectively measurable, in terms of characteristics of processes like stochiometric ratio, maximum temperature, number of stages, etc. The data necessary for the TEI are available at each stage of the innovation. Examples of application of TEI to existing industrial technologies in the area of basic organic chemicals are presented. In the examples quoted, a good agreement between the TEI value of a technology and its industrial fate has been found.

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