Application of analytic hierarchy process for Intellectual Property Rights in High-Tech Public Corporation

摘要：

This paper addresses the theme of analytic hierarchy process in Intellectual Property Rights (IPRs) of High-Tech Public Corporation considering the characteristics of Intellectual Property Rights (IPRs) (including high-risk, multi-stage, expandability, product life circle, etc.). The paper expanse Discounted Cash flow Analysis, relative valuation method and Black-Scholes formula to the analytic hierarchy process model for evaluating of the uncertainty. A solution algorithm which transforms the Black-Scholes equation into constant coefficient diffusion equation is developed. The expanded analytic hierarchy process under uncertainty achieves investment decision-making optimality that is generally not well presented in traditional approaches for Intellectual Property Rights (IPRs).

关键词： R&D real option Discounted Cash flow Black-Scholes formula analytic hierarchy process

作者: ZHANG Kai

作者单位: Institute of Policy and Management, Chinese Academy of Sciences Beijing, China

会议类型: 国际会议

会议名称: 2011 Seventh International Conference on Natural Computation(第七届自然计算国际会议 ICNC 2011)

会议地点: 上海

会议语种:英文

页码: 2014-2017

在线出版日期: 2011-07-26（万方平台首次上网日期，不代表论文的发表时间）