Measuring newness

✍ Scribed by Myron M. Melenevsky

• Book ID: 102661345
• Publisher: John Wiley and Sons
• Year: 1996
• Tongue: English
• Weight: 799 KB
• Volume: 43
• Category: Article
• ISSN: 0894-069X
• DOI: 10.1002/(sici)1520-6750(199604)43:3<335::aid-nav2>3.0.co;2-a

✦ Synopsis

This article deals with "newness," an important characteristic of research-and-development (R&D) projects. Newness consumes resources and provides effectiveness or profit, and is mainly considered to be of a qualitative nature yielding only to an expert's intuition. This article is focused on a numerical measure of newness and the closely connected concept of technological advance. The measure is described in a technical parameter space against a set of analogous objects, presented by its center, eigenvalues and eigenvectors. Specific features and behavior of the selected measure of newness are analyzed. A numerical example is also included.