doi: 10.7763/IJIMT.2012.V3.298
Technology Selection for Product Innovation Using Analytic Network Process (ANP)–A Case Study
G. Thangamani
- Indian Institute of Management Kozhikode.
Abstract
In today’s competitive world, the strength of competitiveness of any particular industry is determined by their good innovative products based on new/emerging technologies and their technology development process. This paper describes a decision making methodology using Analytical Network Process (ANP) for technology selection for promising next generation clothes dryer technologies. A holistic decision making framework has been established with criteria such as strategic fit/leverage, performance feasibility, profitability, investment, technology risks and commercial risks. These criteria will also have several other sub-criteria to ensure the model is adequate in all respect. The technology selection by integrating above criteria and their dependencies modelled found to be very useful in evaluating technology options for consumer appliances industries.
Keywords
- Analytic Hierarchy Process
- Analytic Network Process
- Consumer Appliance
- Clothes Dryer
- Technology Selection
How to Cite
G. Thangamani, "Technology Selection for Product Innovation Using Analytic Network Process (ANP)–A Case Study," International Journal of Innovation, Management and Technology, vol. 3, no. 5, pp. 560-565, 2012. https://doi.org/10.7763/IJIMT.2012.V3.298
Copyright & License
Copyright © 2012 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).