Wang De- Lu
School of Management, China University of Mining and Technology, Xuzhou, 221116, Jiangsu, China
He Xin
School of Management, China University of Mining and Technology, Xuzhou, 221116, Jiangsu, China
Zhao Shen
School of Management, China University of Mining and Technology, Xuzhou, 221116, Jiangsu, China
ABSTRACT
Technology introduction timing is the key to the strategic decision of technology, and it makes an important contribution for the enterprises to gain competitive advantage through technology adoption. Thus, the study on optimization model and influencing factors of enterprise technology introduction timing has important practical significance. This study aims at insufficiencies of existing theories and providing a thorough approach to deeply depict technology evolution process. According to different evolution amplitude, technical progress is divided into technical breakthrough and technical improvement to deeply depict technology evolution process. On this basis, this study first proposes a conceptual model and an optimization model using dynamic programming method of technology introduction timing decision; then relations between optimal introduction time (technical efficiency) and discount rate, technology emergence velocity, technology improvement, current technical efficiency, fixed introduction cost as well as output elastic coefficient and the validity of the model is finally verified by numerical simulation.
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How to cite this article
Wang De- Lu, He Xin and Zhao Shen, 2013. Introduction Timing Model under Uncertain Technology Evolution Amplitude. Journal of Applied Sciences, 13: 3798-3804.
DOI: 10.3923/jas.2013.3798.3804
URL: https://scialert.net/abstract/?doi=jas.2013.3798.3804
DOI: 10.3923/jas.2013.3798.3804
URL: https://scialert.net/abstract/?doi=jas.2013.3798.3804
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