An Approach for the Intelligent Assessment of Future Technology Portfolios

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1853/6297

Title: An Approach for the Intelligent Assessment of Future Technology Portfolios
Author: Kirby, Michelle Rene ; Mavris, Dimitri N.
Abstract: A solid business case is highly dependent upon a strategic and intelligent technology research and development plan, or portfolio, in the early phases of product design. The embodiment of a strategic technology development plan is the identification and subsequent funding of high payoff technology areas that can maximize a company?s return on investment, which entails both performance and economic objectives. This paper describes an approach whereby the high payoff technology areas may be identified to quantitatively justify resource allocation decisions and investment opportunities to meet future organizational goals. The approach includes the simulation of the impact of generic technology areas and the degree of difficulty of technological advances within said areas. The approach results in a dynamic forecasting environment whereby rapid trade-offs can be performed in the conceptual phases of design. This environment allows for intelligently building a successful technology portfolio to facilitate a quantitative justification of a solid business case. A proof on concept application was performed on a next-generation supersonic transport.
Description: Presented at the 40th AIAA Aerospace Sciences Meeting, Reno, NV, January 14-17, 2002.
Type: Paper
URI: http://hdl.handle.net/1853/6297
Date: 2002-01
Relation: ASDL;AIAA-2002-0515
Publisher: Georgia Institute of Technology
Subject: Business cases
Dynamic forecasting environments
Early phases of design
Portfolios
Proof of concept investigation
Resource allocation decisions
Return on investment
Strategic technology development plans
Technology development
High payoff technology areas

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