New procedure for valuing patents under imprecise information with a consensual dynamics model and a real options framework

作者：

Highlights：

• A new patent selection and ranking procedure is presented.

• The new procedure uses a new dynamic consensus method and a continuous time real option valuation method.

• Estimates from multiple experts are combined and an optimal patent portfolio is found.

• Result sensitivity to used parameters is studied.

• A numerical illustration is presented.

摘要

•A new patent selection and ranking procedure is presented.•The new procedure uses a new dynamic consensus method and a continuous time real option valuation method.•Estimates from multiple experts are combined and an optimal patent portfolio is found.•Result sensitivity to used parameters is studied.•A numerical illustration is presented.

论文关键词：Financial modeling,Dynamic consensus,Patents,Valuation,Real options,Portfolio analysis

论文评审过程：Received 15 September 2016, Revised 5 May 2017, Accepted 22 May 2017, Available online 22 May 2017, Version of Record 3 June 2017.

论文官网地址：https://doi.org/10.1016/j.eswa.2017.05.056