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On The R&D Priority Setting In Technology Foresight: A Dea And Anp Approach

Author

Listed:
  • HAKYEON LEE

    (Department of Industrial Engineering, Seoul National University, San 56-1, Shilim-Dong, Kwanak-Gu, Seoul 151-742, Korea)

  • CHANGYONG LEE

    (Department of Industrial Engineering, Seoul National University, San 56-1, Shilim-Dong, Kwanak-Gu, Seoul 151-742, Korea)

  • HYEONJU SEOL

    (Department of Industrial Engineering, Korea Air Force Academy, 335-1, Ssangsu-li, Namil-myun, Cheongwon-Goon 363-849, Korea)

  • YONGTAE PARK

    (Department of Industrial Engineering, Seoul National University, San 56-1, Shilim-Dong, Kwanak-Gu, Seoul 151-742, Korea)

Abstract

This paper propose a systematic approach to setting R&D priorities of emerging technologies in the technology foresight context. The proposed approach consists of two stages with two multiple criteria decision making methods. Firstly, socio-economic cost-benefit analysis based on data envelopment analysis with macro-level criteria is conducted to screen initial set of emerging technologies. The second stage deals with the detailed prioritization of the emerging technologies that have been selected at the first stage. Analytic network process is employed here with micro-level criteria. The set of derived R&D priorities of emerging technologies is expected to aid R&D policy-making.

Suggested Citation

  • Hakyeon Lee & Changyong Lee & Hyeonju Seol & Yongtae Park, 2008. "On The R&D Priority Setting In Technology Foresight: A Dea And Anp Approach," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 5(02), pages 201-219.
  • Handle: RePEc:wsi:ijitmx:v:05:y:2008:i:02:n:s0219877008001333
    DOI: 10.1142/S0219877008001333
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    Cited by:

    1. Kwanyoung Im & Kihwan Nam & Hyunbo Cho, 2020. "Towards successful business model management with analytic network process-based feasibility evaluation and portfolio management," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(3), pages 509-523, September.

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