Patent Risk of Technologies
SIMELIUS, KIM (2008)
SIMELIUS, KIM
2008
Kansantaloustiede - Economics
Kauppa- ja hallintotieteiden tiedekunta - Faculty of Economics and Administration
This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.
Hyväksymispäivämäärä
2008-03-26
Julkaisun pysyvä osoite on
https://urn.fi/urn:nbn:fi:uta-1-17843
https://urn.fi/urn:nbn:fi:uta-1-17843
Tiivistelmä
Patents and other intellectual property rights are being used increasingly as means
for doing business, and business centred around pure owning and exploitation of
patent rights to generate revenue has become commonplace. It is therefore necessary
and advantageous for companies to understand the value of their patents and
the significance of patents to their business, as well as to be able to determine the
risks of patent infringement in their business and determine the pecuniary value
of the patent risk.
The aim of this thesis is to offer companies some practical tools for valuing
patent risk against their products and services from other companies’ patents in
a given technology. For that, the fundamental concepts of patents are presented
to the extent it is necessary to understand them for the modelling in this work.
Also valuation of patents as an asset is discussed with the help of references to
prominent literature in this field of economics. Furthermore, methods for managing
risks in general are introduced as a foundation for combining patent valuation
and risk management into patent risk valuation.
In the thesis, a component model is presented for valuation of patent risks taking
into account business factors, research and development activity, the specific
technology in question and the relevant company and patent environment. The
model is based on direct estimation of the expected values of the components of
patent risk in a given technology.
for doing business, and business centred around pure owning and exploitation of
patent rights to generate revenue has become commonplace. It is therefore necessary
and advantageous for companies to understand the value of their patents and
the significance of patents to their business, as well as to be able to determine the
risks of patent infringement in their business and determine the pecuniary value
of the patent risk.
The aim of this thesis is to offer companies some practical tools for valuing
patent risk against their products and services from other companies’ patents in
a given technology. For that, the fundamental concepts of patents are presented
to the extent it is necessary to understand them for the modelling in this work.
Also valuation of patents as an asset is discussed with the help of references to
prominent literature in this field of economics. Furthermore, methods for managing
risks in general are introduced as a foundation for combining patent valuation
and risk management into patent risk valuation.
In the thesis, a component model is presented for valuation of patent risks taking
into account business factors, research and development activity, the specific
technology in question and the relevant company and patent environment. The
model is based on direct estimation of the expected values of the components of
patent risk in a given technology.