A TECHNOLOGY VALUATION MODEL FOR THE DEFENSE R&D WITH INCOME APPROACH

Abstract

followed by establishing the defense industrial policy objectives and making e®orts to reach them. Accordingly, the defense export dragged attention from the defense industry sector and as a result recorded nearly 0.8 billion dollars in 2011 which is doubled amount compared to year 2008. Considering that defense technology valuation is inevitable in defense trade, the defense technology valuation is going to be a key issue for the domestic defense R&D invested equipment including main battle tanks, armored vehicles, air trainers etc. This paper presents the defense R&D technology valuation model with the in-depth analysis of its theories and current status both domestic and abroad. Also, it provides relevant policy issues and directions in the near future. It should contribute to boosting the defense technology valuation¯elds and to formulating a concrete tool for analyzing defense R&D technology valuation in the near future. A Technology Valuation Model for the Defense R&D 1350017-3 Int. J. Innovation Technol. Management 2013.10. Downloaded from www.worldscientific.com by MCMASTER UNIVERSITY on 02/05/15. For personal use only. A Technology Valuation Model for the Defense R&D 1350017-9 Int. J. Innovation Technol. Management 2013.10. Downloaded from www.worldscientific.com by MCMASTER UNIVERSITY on 02/05/15. For personal use only. A Technology Valuation Model for the Defense R&D 1350017-13 Int. J. Innovation Technol. Management 2013.10. Downloaded from www.worldscientific.com by MCMASTER UNIVERSITY on 02/05/15. For personal use only.

Communicating design knowledge to support technology management in the manufacturing industry:

“…What is technically possible is not necessarily economically, socially or politically possible and vice versa (L. . Some technology valuation methods that prior research recommends cover the evaluation of the future possibilities of a technology (Jang & Lee, 2013;Park & Park, 2004). However, we claim that to understand the future possibilities that relate to a technology it is compulsory to understand the value creation mechanisms (of that particular technology in manufacturing, in use at the customer, etc.)…”

“…Pragmatic constructivism helps understand the motives of people and evaluate some of the possibilities related to new technologies. In all, our examination of technology management will include evaluating the future possibilities of a technology (Jang & Lee, 2013;Park & Park, 2004;Mämmelä et al, 2018b) by identifying the value creation mechanisms using causal dispositions (L. .…”