Technological innovation will only impact if it creates significant industrial and societal benefits. Thus, the industrial and societal benefits should be quantified prior and during the development of the technological readiness by comprehensive technological performance and utility modelling and forecasting. In this context. this paper contains a review on innovation theories and an outline of approaches regarding how innovation and technology development can be aligned with and supported by Bayesian decision and decision value analyses.
Review of innovation theories in the perspective of Bayesian decision analysis
Giancarlo Costa;Maria Pina Limongelli;
2023-01-01
Abstract
Technological innovation will only impact if it creates significant industrial and societal benefits. Thus, the industrial and societal benefits should be quantified prior and during the development of the technological readiness by comprehensive technological performance and utility modelling and forecasting. In this context. this paper contains a review on innovation theories and an outline of approaches regarding how innovation and technology development can be aligned with and supported by Bayesian decision and decision value analyses.File in questo prodotto:
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Innovation ICASP14 Submitted.pdf
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