The relationship between a technology’s diffusion rate (time) and its economical impact (money)

Albert J. Parvin, Mario G. Beruvides

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations

Abstract

Understanding the economical impact of a technology’s diffusion rate can assist decision makers in making informed decisions on how resources (labor, equipment/materials, time, and capital) are managed. The goal of this research is to demonstrate a link between a technology’s diffusion rate and its value (economic impact) to warrant further examination of its impact on abandonment. An overview of the technology diffusion curve is presented, and three diffusion rates (categorized as fast, medium, and slow) are modeled to demonstrate the impact on a technology’s value along a technology’s diffusion curve. Results show a link between diffusion rate and market value for a technology’s diffusion curves.

Original languageEnglish
Title of host publication39th International Annual Conference of the American Society for Engineering Management, ASEM 2018
Subtitle of host publicationBridging the Gap Between Engineering and Business
PublisherAmerican Society for Engineering Management
Pages875-882
Number of pages8
ISBN (Electronic)9781510874640
StatePublished - 2018
Event39th International Annual Conference of the American Society for Engineering Management: Bridging the Gap Between Engineering and Business, ASEM 2018 - Coeur d�Alene, United States
Duration: Oct 17 2018Oct 20 2018

Publication series

Name39th International Annual Conference of the American Society for Engineering Management, ASEM 2018: Bridging the Gap Between Engineering and Business

Conference

Conference39th International Annual Conference of the American Society for Engineering Management: Bridging the Gap Between Engineering and Business, ASEM 2018
CountryUnited States
CityCoeur d�Alene
Period10/17/1810/20/18

Keywords

  • S-curve
  • Technology
  • Technology diffusion

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