Numerical Patent Analysis with the Fuzzy Pay-Off Method: Valuing a Compound Real Option
Tumerical analysis for supporting patent application decisions is a dif.cult topic due to hardship in estimating the patent future accurately and because patent valuation is most often a problem with multiple stages that can be understood as compound options. We present how numerical analysis of a patent exhibiting two major stages can be done by using cash-.ow scenarios as input data and a two stage valuation model based on the fuzzy pay-off method for real option valuation to generate decision-support for deciding whether to go ahead with a patent application or not. We illustrate with a numerical example and discuss the use of the results in decision support.
patent valuation real options scenarios fuzzy numbers
Mikael Collan Robert Fullér Xiaolu Wang József Mezei
Pori Unit, School of EconomicsUniversity of TurkuPori, Finland IAMSR (A)bo Akademi UniversityTurku, Finland TUCS, IAMSR (A)bo Akademi University Turku, Finland
国际会议
武汉
英文
405-409
2011-10-17（万方平台首次上网日期，不代表论文的发表时间）