NISCAIR Online Periodicals Repository

NISCAIR ONLINE PERIODICALS REPOSITORY (NOPR)  >
NISCAIR PUBLICATIONS >
Research Journals >
Journal of Intellectual Property Rights (JIPR) >
JIPR Vol.16 [2011] >
JIPR Vol.16(5) [September 2011] >


Title: Enhancing Patent Valuation with the Pay-off Method
Authors: Collan, Mikael
Heikkilä, Markku
Keywords: Pay-off method
Patent valuation
Discounted cash flow method
Issue Date: Sep-2011
Publisher: NISCAIR-CSIR, India
Abstract: Numerical valuation of patents is a difficult task due to great uncertainty regarding the future and inaccuracy in estimation. The pay-off method is an easy to use and understand analysis method that is based on using value scenarios and real options-thinking. The method is designed for the analysis of assets that suffer from difficulties in estimation precision and often face high uncertainty. This paper shows how patent valuation can be enhanced with the help of the pay-off method, based on any of the three ‘conventional’ patent valuation methods. A numerical case about how the pay-off method can be used together with the discounted cash flow method is presented. The method is already in use by a number of multi-national companies for valuation of R&D and is on its way to be introduced into the IPR functions of a number of corporations.
Page(s): 377-384
CC License:  CC Attribution-Noncommercial-No Derivative Works 2.5 India
ISSN: 0975-1076 (Online); 0971-7544 (Print)
Source:JIPR Vol.16(5) [September 2011]

Files in This Item:

File Description SizeFormat
JIPR 16(5) 377-384.pdf110.3 kBAdobe PDFView/Open
 Current Page Visits: 2090 
Recommend this item

 

National Knowledge Resources Consortium |  NISCAIR Website |  Contact us |  Feedback

Disclaimer: NISCAIR assumes no responsibility for the statements and opinions advanced by contributors. The editorial staff in its work of examining papers received for publication is helped, in an honorary capacity, by many distinguished engineers and scientists.

CC License Except where otherwise noted, the Articles on this site are licensed under Creative Commons License: CC Attribution-Noncommercial-No Derivative Works 2.5 India

Copyright © 2012 The Council of Scientific and Industrial Research, New Delhi. All rights reserved.

Powered by DSpace Copyright © 2002-2007 MIT and Hewlett-Packard | Compliant to OAI-PMH V 2.0

Home Page Total Visits: 621882 since 06-Feb-2009  Last updated on 13-Nov-2014Webmaster: nopr@niscair.res.in