• Proceedings of the Korean Operations and Management Science Society Conference
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• 2003.05a
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• pp.605-608
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• 2003

In order to satisfy the high need for technology valuation, various technology valuation methods have been developed. However the need to develop a new technology valuation method considering the technology characteristics, technology valuation objective, and technology valuation environments has been increasing. So far the technology valuation mehtods have been developed based on technology valuation experts' domain knowledge without applying systematic design methodology. In this paper the process that applies Axiomatic Design principles as a design methodology to the technology valuation methodology design is described. The design consists of technology valuation process design and technology valuation content design. The Axiomatic Design approach introduced in this paper can be used as a systematic technology valuation design tool considering various technology characteristics and technology valuation objectives and also as an evaluation tool of traditional technology methods.

• Asian Journal of Innovation and Policy
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• v.8 no.3
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• pp.343-361
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• 2019

The Practical Guide of Technology Valuation (the guide) by the Ministry of Industry, Trade and Energy is dominant in technology valuation in the public sector in Korea. The guide was released in 2011 and revised every three years. However, there are several guidelines or manuals for technology valuation issued by other agencies under different ministries. This paper compares the several guidelines for technology valuation and figures out the similarity and differences, from the view of the US and international standards of valuation. The first aspect found is that the guide is evolving toward the basic principles of valuation. Second, all the guidelines should comply with the guide but have sector-specific characteristics in methods, variables and data. Third, although the guide recommends only two valuation methods, some guidelines introduce various other methods. Fourth, the methods are still too complex and having unnecessary ingredients. Finally, this paper suggests further development of the guide and other guidelines.

• Proceedings of the Technology Innovation Conference
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• 2005.06a
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• pp.24-43
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• 2005

On industry highly developed and competition with each company, technology is considered as the one of the most significant variables in the era of technology competition. So, the needs of technology valuation and valuating technology competitiveness are increasing to measure value of company. However, in many cases of valuation tools, elaborate valuation technique is required all the more by reason of difficulty of defining the valuation target, the valuation perspective and the purpose of valuation. This study tried to define valuation framework of technology competitiveness for technology intensive small medium venture company to valuate technology environment and company's capability related with technology synthetically as well as technology itself which company uses. And also the purpose of technology valuation, the purpose of technology competitiveness, basic elements of technology valuation, trend of technology valuation in major countries including Korea are presented and analyzed.

• Journal of Korea Technology Innovation Society
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• v.3 no.2
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• pp.1-13
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• 2000

This paper maps the overall features of technology valuation through a conceptional framework. The framework is composed of 4 dimensions such as basic, compositional, technical and behavioral dimension. At basic dimension, what is value and what is technology are discussed. The valuation of technology or the valuation of other assets are compared at the compositional dimension. The techniques of the valuation of technology and its difference with the valuation methods of other assets are examined at the technical dimension. The effectiveness, possibility and error of valuation are discussed at the behavioral dimension.

• Kyungpook Mathematical Journal
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• v.55 no.4
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• pp.859-870
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• 2015

The notion of quasi-valuation maps based on a subalgebra and an ideal in BCK/BCI-algebras is introduced, and then several properties are investigated. Relations between a quasi-valuation map based on a subalgebra and a quasi-valuation map based on an ideal is established. In a BCI-algebra, a condition for a quasi-valuation map based on an ideal to be a quasi-valuation map based on a subalgebra is provided, and conditions for a real-valued function on a BCK/BCI-algebra to be a quasi-valuation map based on an ideal are discussed. Using the notion of a quasi-valuation map based on an ideal, (pseudo) metric spaces are constructed, and we show that the binary operation * in BCK-algebras is uniformly continuous.

• Journal of the Korea Safety Management & Science
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• v.8 no.4
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• pp.63-89
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• 2006

Recently, the technology is getting to be the most important factor for companies, as the industry is changing fast. The uncertainty and complexity of technology valuation arc higher so that the technology concentrated companies need more developed and high performance technology. This paper reviews the methods of technology valuation for five categories that have been developed by valuation researchers, (1) research of technology diffusion and acceptance model, (2) research of technology valuation, (3) research of technology import and export factor, (4) research of technology valuation model, (5) research of technology transfer and market. And we propose a new technology valuation model using need(market), seed(technology) and deeds(management) factor by cross impact matrix. This model gives us the reference negotiation range for deciding the amount of royalty. I hope this paper induces more research on this field of technology valuation.

• Journal of Distribution Science
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• v.21 no.4
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• pp.91-101
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• 2023

Purpose: Research on the valuation of the e-commerce distribution companies is necessary because the traditional valuation methodology cannot be easily applied. Considering the valuation and initial public offering (IPO) of Coupang, Korea's leading e-commerce company, this study contributes to the literature by examining various valuation methods applicable to corporate valuation in the e-commerce industry and provides their implications. Research design, data and methodology: This case study investigates research, analyst reports, news articles, and magazines to review the valuation methods for companies in the e-commerce industry and analyzes the case of the Coupang IPO. Results: A valuation method that considers growth potential, which is important for companies in the e-commerce industry, is used for IPOs. This led to Coupang's successful IPO on the New York Stock Exchange despite its accumulated losses. However, the continued price decline since listing suggests that Coupang's valuation should have considered more factors. Conclusions: This study provides guidelines for the valuation of companies in the e-commerce industry, which eventually improves the overall industry. Moreover, this study provides directions for improving the valuation methods for e-commerce firms.

• Proceedings of the KSR Conference
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• 2005.05a
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• pp.991-999
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• 2005

This study proposes a technology valuation model applicable for railway technology Increasing number of transactions and investments in technology has sparked a growing interest in technology valuation. However, it has not been easy to come up with an objective valuation of technology due to variance in technology value, purpose of valuation, and technology patterns. The main object of this paper lies in the study of the valuation model and the development of a new approach for railway technology valuation.

• Kyungpook Mathematical Journal
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• v.62 no.1
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• pp.57-67
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• 2022

In the present study, we introduce a valuation of ternary semiring on an ordered abelian group. Motivated by the construction of valuation rings, we study some properties of ideals in ternary semiring arising in connection with the valuation map. We also explore ternary valuation semirings for a noncommuative ternary division semiring. We further consider the notion of convexity in a ternary semiring and how it is reflected in the valuation map.

• International Journal of Contents
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• v.6 no.3
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• pp.53-58
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• 2010

This study empirically analyzes the characteristics of the various attributes of technology that influence the economic values of technologies, based on the cases of technology valuation carried out in Korea. To do so, we collect the cases of technology valuation carried out by major technology valuation institutions in Korea and extract from these data the information about various characteristics of the subject technologies of valuation and the primary factors applied to the technology valuation. Based on such extracted information, we examine the overall trends of technology valuation in Korea and analyze how the main factors of technology valuation vary with the attributes of technology.