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Measuring newness
Author(s) -
Melenevsky Myron M.
Publication year - 1996
Publication title -
naval research logistics (nrl)
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.665
H-Index - 68
eISSN - 1520-6750
pISSN - 0894-069X
DOI - 10.1002/(sici)1520-6750(199604)43:3<335::aid-nav2>3.0.co;2-a
Subject(s) - measure (data warehouse) , intuition , computer science , eigenvalues and eigenvectors , profit (economics) , operations research , mathematical economics , mathematics , industrial engineering , data mining , economics , microeconomics , psychology , cognitive science , physics , engineering , quantum mechanics
This article deals with “newness,” an important characteristic of research‐and‐development (R&D) projects. Newness consumes resources and provides effectiveness or profit, and is mainly considered to be of a qualitative nature yielding only to an expert's intuition. This article is focused on a numerical measure of newness and the closely connected concept of technological advance. The measure is described in a technical parameter space against a set of analogous objects, presented by its center, eigenvalues and eigenvectors. Specific features and behavior of the selected measure of newness are analyzed. A numerical example is also included. © 1996 John Wiley & Sons, Inc.