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A patent portfolio-based approach for assessing potential R&D partners: An application of the Shapley value

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  • Song, Bomi
  • Seol, Hyeonju
  • Park, Yongtae

Abstract

We propose a patent portfolio-based approach for assessing potential R&D partners that can consider the inter-partner resource fit in the assessment process. The concept of an integrated patent portfolio is suggested and its value is designed to reflect the resource fit between potential R&D partners. The Shapley value is applied to assess the contribution of each potential partner to the value of the integrated patent portfolio. A case study of a lighting control system is presented to show the feasibility and advantages of our method. Overcoming the weakness of individual capability-focused evaluation of potential R&D partners, our method can better inform decision makers and experts in the partner selection process by enabling more comprehensive assessment of potential R&D partners.

Suggested Citation

  • Song, Bomi & Seol, Hyeonju & Park, Yongtae, 2016. "A patent portfolio-based approach for assessing potential R&D partners: An application of the Shapley value," Technological Forecasting and Social Change, Elsevier, vol. 103(C), pages 156-165.
    • Handle: RePEc:eee:tefoso:v:103:y:2016:i:c:p:156-165
    DOI: 10.1016/j.techfore.2015.10.010
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