Using Analytic Hierarchy Process in patent valuation

Using Analytic Hierarchy Process in patent valuation

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Article ID: iaor20083233
Country: Netherlands
Volume: 46
Issue: 7/8
Start Page Number: 1054
End Page Number: 1062
Publication Date: Sep 2007
Journal: Mathematical and Computer Modelling
Authors: ,
Keywords: analytic hierarchy process
Abstract:

As the knowledge economy rapidly increases, intangible assets are more valuable to businesses and valuing them attracts much research from the field of technology management. Intangible assets include intellectual capital and intellectual property. Intellectual property is often protected by patents. Since the enterprise is willing to pay the patent costs to guarantee a sustainable competence, it would be useful to be able to determine when it is worthwhile. We propose an objective scoring system for intellectual property patents from the licensor side in this study using the AHP. We used it to value the patents for new products being developed by an actual enterprise.

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