A Study on Patent Valuation Important Factors: Focus on China Industry

Background/Objectives: This study drew six important elements from the valuation models presented in the preceding research and technology value valuation institutions through an expert survey. In addition, an analysis was conducted on the differences in the important elements of patent valuation by each product group using the AHP method. Methods/Statistical Analysis: As general methods widely used to evaluate patents, there are various methods, such as scoring method, expert screening, Delphi method and AHP; and this study will use AHP. In this study, analysis was conducted using Expert Choice 2000 and consistency percentage of respondents were also verified. It was found that all are suitable for the reference. Additionally, importance was derived using the arithmetic average of 10 comments of the surveyed population. Findings: The present study deducted important elements from the patent value assessment elements proposed in preceding studies by conducting a Delphi survey targeting experts. Therefore, patent valuation key factors were derived from 10 practitioners of Chinese companies and the significance of the derived factors was analysed. It appears that the technology aspect is more important than business value. The relative importance between lower standards compared to upper standards shows that technological application and expandability is no.1 with 39.5%, followed by technological uniqueness at no.2 with 29.5% and technological independence at no.3 with 29.5%. Application/Improvements: The present study includes the fact that the conclusively selected important factors of the patent value assessment help corporate research and development officers or executives in establishing objective and reasonable patent value assessment models.