Information Technology and Management

, Volume 16, Issue 4, pp 327–337 | Cite as

A combinatorial optimization model for enterprise patent transfer

Article
First Online:

Abstract

Enterprises need patent transfer strategies to improve their technology management. This paper proposes a combinatorial optimization model that is based on intelligent computing to support enterprises’ decision making in developing patent transfer strategy. The model adopts the Black–Scholes Option Pricing Model and Arbitrage Pricing Theory to estimate a patent’s value. Based on the estimation, a hybrid genetic algorithm is applied that combines genetic algorithms and greedy strategy for the optimization purpose. Encode repairing and a single-point crossover are applied as well. To validate this proposed model, a case study is conducted. The results indicate that the proposed model is effective for achieving optimal solutions. The combinatorial optimization model can help enterprise promote their benefits from patent sale and support the decision making process when enterprises develop patent transfer strategies.

Keywords

Optimization model Knapsack problem 01 Black–Scholes Option Pricing Model Arbitrage Pricing Theory Genetic algorithms Greedy strategy Patent transfer 
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Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  1. 1.Wuhan Engineering Consulting BureauWuhanChina
  2. 2.Faculty of TechnologyUniversity of VaasaVaasaFinland
  3. 3.Old Dominion UniversityNorfolkUSA

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