Year: 2025
Type: article
Abstract: ABSTRACT Technology‐driven companies must invest significant resources in developing new technologies to enhance product performance, reduce costs, and maintain a competitive edge in their markets. However, resource constraints often limit the number of projects these companies can pursue within their research and development (R&D) portfolios. A key responsibility of the chief technology officer and system architect is to identify and prioritize the technologies that will provide the highest value to the company. This selection process requires an objective evaluation of each candidate's technology's costs and benefits, necessitating a standardized methodology for assessing potential engineering design changes, system performance improvements, required investments, and expected returns. To address this need, we are introducing a technology infusion analysis‐based R&D project portfolio valuation process. This approach evaluates the costs and benefits of proposed technologies by analyzing the corresponding engineering design changes and system performance modifications. The effectiveness of this process is demonstrated through a case study on valuing an R&D project portfolio for a toner distribution system in a printing system.
Source: Systems Engineering
DOI: 10.1002/sys.21817
Authors: Hojin Jang, Eun Suk Suh
Institutions: Seoul National University, Institute of Engineering Research
Language: English
Subfield: Safety, Risk, Reliability and Quality
Field: Engineering
Domain: Physical Sciences
Open Access status: hybrid
Estimated APC paid: $3,140
Funder: Ministry of Education, India
OpenAlex ID: W4409190695