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Technology Forecasting Methods

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Research and Technology Management in the Electricity Industry

Part of the book series: Green Energy and Technology ((GREEN))

Abstract

This study analyzes the origins and historical evolution and revolution of technology forecasting methods, a discipline that identifies the concept, assumptions and evaluates technology forecasting techniques with significant relationship between them. A variety of technology forecasting approaches, initiated in the 1950s, with the pioneering researches carried out by US department of Defense, and some researchers of The RAND Corporation. For over 1960 years, numerous technology forecasting methods have been developed and recently become a distinct field of investigation of future world. Mostly revolutionary techniques would have been to combine different methods characterized by the several disciplines, such as exploratory, normative and intuitive approaches. This paper proposes the gap of the main techniques of technology forecasting, developed over the course of time, identifying their methodological origin. Some concluding remarks and lessons learned complete the research.

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Notes

  1. 1.

    ‘Strategic research’ is defined as “basic research carried out with the expectation that it will produce a broad base of knowledge likely to form the background to the solution of recognized current or future practical problems” [108], p. 4.

  2. 2.

    ‘generic technology’ is defined as “a technology the exploitation of which will yield benefits for a wide range of sectors of the economy and/or society” [148], p. 51.

  3. 3.

    It measures the age of the closest prior art in technical and scientific papers or in patents.

  4. 4.

    It represent the number of patents in a given period to find an increasing or decreasing number of firms and inventors coming into a specific area.

  5. 5.

    It looks how the patents in an area are connected together by citations with a network analysis.

  6. 6.

    DYSMAP was developed by the System Dynamics Group at Bradford Management Center.

  7. 7.

    STELLA was introduced by isee systems (formerly High Performance Systems) in the late 1980s.

  8. 8.

    isee systems (formerly High Performance Systems Inc.) in USA developed iThink for business simulation in 1990.

  9. 9.

    Ventana Systems, Inc. created Vensim language and released Vensim in 1988.

  10. 10.

    Powersim studio was developed Powersim Software AS, based in Bergen Norway.

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    Yonghee Cho & Tugrul Daim

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    Tugrul Daim

  2. Bonneville Power Administration, NE 11th Ave 905, Portland, 97207, Oregon, USA

    Terry Oliver

  3. Bonneville Power Administration, NE 11th Ave 905, Portland, 97232, Oregon, USA

    Jisun Kim

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Cho, Y., Daim, T. (2013). Technology Forecasting Methods. In: Daim, T., Oliver, T., Kim, J. (eds) Research and Technology Management in the Electricity Industry. Green Energy and Technology. Springer, London. https://doi.org/10.1007/978-1-4471-5097-8_4

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