Using AHP in patent valuation

Authors:
Yu-Jing Chiu;Yuh-Wen Chen
Affiliations:
Department of Business Administration, Chung Yuan Christian University 200, Chung Pei Rd., Chung Li 32023, Taiwan;Department of Business Administration, Chung Yuan Christian University 200, Chung Pei Rd., Chung Li 32023, Taiwan
Venue:
Mathematical and Computer Modelling: An International Journal
Year:
2007

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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.