earticle

영어

One of the important factors of technology development strategies is the expected economic value of a technology. As the focus of national defense policy have been turned from domestic consumption to international consumption, a more accurate technology valuation model is required for defense industries. This research presents a new model for evaluating economic value of technologies by the modified process which adopted a Markov Chain and a Risk-averse Utility Function. The major accomplishment of this research is the designing of the process which estimates the technology market lifespan based on the probability data. It also enables us to consider the expected events. Moreover, a new technology valuation model is designed to reflect the characteristics of defense industries at the specific technique level.