Evaluation and Verification of Patent Value Based on Combination Forecasting Model

This paper studies a combination forecasting model with strong adaptability and high dimension to evaluate value of patents, and verifies the model empirically in the research. Through the AHP analysis, five necessary factors that affect the value of patents are discovered, which come from both the...

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Main Authors: Xiao Xiaoqing, Duan Xinhui, Zhao Yongfa, Pan Junzhen, Shen Guiquan, Pan Xiaomei, Wang Quanxi, Lutfi Bishr
Format: Article
Language:English
Published: Sciendo 2023-01-01
Series:Applied Mathematics and Nonlinear Sciences
Subjects:
Online Access:https://doi.org/10.2478/amns.2022.2.0058
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author Xiao Xiaoqing
Duan Xinhui
Zhao Yongfa
Pan Junzhen
Shen Guiquan
Pan Xiaomei
Wang Quanxi
Lutfi Bishr
author_facet Xiao Xiaoqing
Duan Xinhui
Zhao Yongfa
Pan Junzhen
Shen Guiquan
Pan Xiaomei
Wang Quanxi
Lutfi Bishr
author_sort Xiao Xiaoqing
collection DOAJ
description This paper studies a combination forecasting model with strong adaptability and high dimension to evaluate value of patents, and verifies the model empirically in the research. Through the AHP analysis, five necessary factors that affect the value of patents are discovered, which come from both the characteristic factors of the patent itself and the institutional characteristic factors that attempt to transform the patent. We’ve constructed a state space model through some data that can already obtain the added value of its patent through the Hejun value evaluation model and deployed the state space model in the artificial intelligence data space to have the neural network training. Another part of the known data is used to empirically verify this model, and it is found that the data fits well. Not only can the model be used for patent conversion institutions to evaluate patents, but also for patent holders to evaluate patent conversion institutions.
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spelling doaj.art-08765182c75944d78e95a679febb39752023-09-11T07:01:08ZengSciendoApplied Mathematics and Nonlinear Sciences2444-86562023-01-018171572210.2478/amns.2022.2.0058Evaluation and Verification of Patent Value Based on Combination Forecasting ModelXiao Xiaoqing0Duan Xinhui1Zhao Yongfa2Pan Junzhen3Shen Guiquan4Pan Xiaomei5Wang Quanxi6Lutfi Bishr71Guangdong Power Grid Corporation, Guangzhou, 510000, China1Guangdong Power Grid Corporation, Guangzhou, 510000, China1Guangdong Power Grid Corporation, Guangzhou, 510000, China1Guangdong Power Grid Corporation, Guangzhou, 510000, China1Guangdong Power Grid Corporation, Guangzhou, 510000, China1Guangdong Power Grid Corporation, Guangzhou, 510000, China1Guangdong Power Grid Corporation, Guangzhou, 510000, China2College of Administrative Sciences, Applied Science University, BahrainThis paper studies a combination forecasting model with strong adaptability and high dimension to evaluate value of patents, and verifies the model empirically in the research. Through the AHP analysis, five necessary factors that affect the value of patents are discovered, which come from both the characteristic factors of the patent itself and the institutional characteristic factors that attempt to transform the patent. We’ve constructed a state space model through some data that can already obtain the added value of its patent through the Hejun value evaluation model and deployed the state space model in the artificial intelligence data space to have the neural network training. Another part of the known data is used to empirically verify this model, and it is found that the data fits well. Not only can the model be used for patent conversion institutions to evaluate patents, but also for patent holders to evaluate patent conversion institutions.https://doi.org/10.2478/amns.2022.2.0058combination forecasting modelpatent value evaluationpatent added valueartificial intelligencestate space model34a34
spellingShingle Xiao Xiaoqing
Duan Xinhui
Zhao Yongfa
Pan Junzhen
Shen Guiquan
Pan Xiaomei
Wang Quanxi
Lutfi Bishr
Evaluation and Verification of Patent Value Based on Combination Forecasting Model
Applied Mathematics and Nonlinear Sciences
combination forecasting model
patent value evaluation
patent added value
artificial intelligence
state space model
34a34
title Evaluation and Verification of Patent Value Based on Combination Forecasting Model
title_full Evaluation and Verification of Patent Value Based on Combination Forecasting Model
title_fullStr Evaluation and Verification of Patent Value Based on Combination Forecasting Model
title_full_unstemmed Evaluation and Verification of Patent Value Based on Combination Forecasting Model
title_short Evaluation and Verification of Patent Value Based on Combination Forecasting Model
title_sort evaluation and verification of patent value based on combination forecasting model
topic combination forecasting model
patent value evaluation
patent added value
artificial intelligence
state space model
34a34
url https://doi.org/10.2478/amns.2022.2.0058
work_keys_str_mv AT xiaoxiaoqing evaluationandverificationofpatentvaluebasedoncombinationforecastingmodel
AT duanxinhui evaluationandverificationofpatentvaluebasedoncombinationforecastingmodel
AT zhaoyongfa evaluationandverificationofpatentvaluebasedoncombinationforecastingmodel
AT panjunzhen evaluationandverificationofpatentvaluebasedoncombinationforecastingmodel
AT shenguiquan evaluationandverificationofpatentvaluebasedoncombinationforecastingmodel
AT panxiaomei evaluationandverificationofpatentvaluebasedoncombinationforecastingmodel
AT wangquanxi evaluationandverificationofpatentvaluebasedoncombinationforecastingmodel
AT lutfibishr evaluationandverificationofpatentvaluebasedoncombinationforecastingmodel