Table of Contents Author Guidelines Submit a Manuscript
The Scientific World Journal
Volume 2015, Article ID 348369, 5 pages
Research Article

Developing R&D Portfolio Business Validity Simulation Model and System

1Division of Digital Contents, Dongseo University, 47 Jurye-ro, Sasang-Gu, Busan 617-716, Republic of Korea
2Department of Electronic Commerce, Paichai University, 155-40 Baejae-ro, Seo-Gu, Daejeon 302-735, Republic of Korea

Received 14 August 2014; Accepted 2 October 2014

Academic Editor: Changhoon Lee

Copyright © 2015 Hyun Jin Yeo and Kwang Hyuk Im. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.


The R&D has been recognized as critical method to take competitiveness by not only companies but also nations with its value creation such as patent value and new product. Therefore, R&D has been a decision maker’s burden in that it is hard to decide how much money to invest, how long time one should spend, and what technology to develop which means it accompanies resources such as budget, time, and manpower. Although there are diverse researches about R&D evaluation, business factors are not concerned enough because almost all previous studies are technology oriented evaluation with one R&D technology based. In that, we early proposed R&D business aspect evaluation model which consists of nine business model components. In this research, we develop a simulation model and system evaluating a company or industry’s R&D portfolio with business model point of view and clarify default and control parameters to facilitate evaluator’s business validity work in each evaluation module by integrate to one screen.