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Selection of technology acquisition mode using the analytic network process

Cited 44 time in Web of Science Cited 58 time in Scopus
Authors
Lee, Hakyeon; Lee, Sora; Park, Yongtae
Issue Date
2009-03-01
Publisher
PERGAMON-ELSEVIER SCIENCE LTD
Citation
MATHEMATICAL AND COMPUTER MODELLING; Vol.49 5-6; 1274-1282
Keywords
Technology strategyTechnology acquisition modeAnalytic network process
Abstract
Selecting the appropriate acquisition mode for a required technology, is one of the critical strategic decisions in formulating a technology strategy. Although a number of factors were found to be influential in the choice of technology acquisition mode, it still remains a void in the literature how to make a strategic decision, based on a huge set of those factors with the help of a systematic approach. This study deals with the selection of technology acquisition mode as a multiple criteria decision making (MCDM) problem. The proposed solution to the problem in this study, is the analytic network process (ANP) approach. Since the ANP is a MCDM method that can accommodate interdependency among decision attributes, it is capable of providing priorities of alternatives with consideration of interrelationships among strategic factors. The 21 influential factors identified from the empirical studies are included as sub-criteria in the ANP model, and they are grouped into five criteria: capability, strategy, technology, market, and environment. The final decision can be made based on the resulting priorities of the alternative acquisition modes. The proposed approach is expected to effectively aid decision making on which mode is adopted for acquisition of required technologies. A case of a software company is presented for the illustration of the proposed approach. (C) 2008 Elsevier Ltd. All rights reserved.
ISSN
0895-7177
Language
English
URI
http://hdl.handle.net/10371/75326
DOI
https://doi.org/10.1016/j.mcm.2008.08.010
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College of Engineering/Engineering Practice School (공과대학/대학원)Dept. of Industrial Engineering (산업공학과)Journal Papers (저널논문_산업공학과)
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