Managing the transition of technology life cycle

For a technology platform or paradigm, there are multiple generations of technology. In turn, multitude of products and/or services could be derived from each technology generation, which follows a life cycle and will be eventually replaced by the next generation. Here both old and new technologies are based on the same technology platform. In this research, we explore how to manage the transition of technology generations, from a macro level perspective. We develop analytical models and test them using a simulation technique. The results show how the key determining factors interact with each other, in particular, how the optimal switching time between technology generations is determined by such factors as technological uncertainty embedded in the technology, the cost to switch from one generation to another, and the utility which the economy enjoys by utilizing the technology platform. (C) 2003 Elsevier Science Ltd. All rights reserved.
Publisher
ELSEVIER SCIENCE BV
Issue Date
2003-05
Language
ENG
Keywords

INNOVATION; DYNAMICS; INDUSTRY; SYSTEMS; INFRASTRUCTURE; SIMULATION; MANAGEMENT; PARADIGMS; EVOLUTION; PATTERNS

Citation

TECHNOVATION, v.23, no.5, pp.371 - 381

ISSN
0166-4972
URI
http://hdl.handle.net/10203/4079
Appears in Collection
KGSM-Journal Papers(저널논문)
  • Hit : 573
  • Download : 93
  • Cited 0 times in thomson ci
This item is cited by other documents in WoS
⊙ Detail Information in WoSⓡClick to seewebofscience_button
⊙ Cited 24 items in WoSClick to see citing articles inrecords_button

qr_code

  • mendeley

    citeulike


rss_1.0 rss_2.0 atom_1.0