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An empirical evaluation of the technology cycle time indicator as ameasure of the pace of technological progress in superconductortechnology

Kayal, A.A. and Waters, R.C. (1999) An empirical evaluation of the technology cycle time indicator as ameasure of the pace of technological progress in superconductortechnology. Engineering Management, IEEE Transactions on, 46.

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Abstract

The technology cycle time indicator (TCT) is a new measure of technological progress. The TCT is the median age of the patents cited on the front page of a patent document. The measure assumes that the more recent the age of the cited patents, the more quickly one generation of inventions is replacing another. The main purpose of the study was to evaluate the TCT in a dynamic context to determine how accurately it measures the pace of technological progress. This study found the trend in TCT changed abruptly from gradually increasing (slowing in cycle time) to steadily decreasing (speeding up in cycle time) following the discovery of high-temperature superconductors. The methodology prescribed in this study could potentially be used in assessing the pace of progress for different technologies or different nations in the same technology



Item Type:Article
Date:May 1999
Date Type:Publication
Subjects:Computer
Divisions:College Of Industrial Management > Management and Marketing Dept
Creators:Kayal, A.A. and Waters, R.C.
ID Code:14717
Deposited By:KFUPM ePrints Admin
Deposited On:24 Jun 2008 16:46
Last Modified:12 Apr 2011 13:17

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