The Research On The Patent Evaluation Of Electron And Communication Equipment Manufacturing Industry Based On Option Pricing Theory

One of the most striking features of the modern economy is that the role of innovation in the economic growth is becoming bigger and bigger. The time interval of the technology innovation from scientific and technological achievements to the first commercial application is becoming shorter and shorter. In the era of economic globalization and knowledge, as one of the core categories of intellectual property rights, the role of the patents is becoming bigger and bigger to the social progress, economic development and cultural prosperity, etc. At present the country is vigorously promoting implementation of national intellectual property strategy, the research on the patent evaluation of electron and communication equipment manufacturing industry is carried out in this context. The purpose is to promote the patent assets trading activities effectively, and promote the improvement and development of the patent asset pricing theory, effectively allocate the patent technology resources of electron and communication equipment manufacturing industry, promote national and regional innovation, and provide necessary theoretical basis for the technology patent trading of the electron and communication equipment manufacturing industry.This paper firstly defines the related concepts and research status, puts forward the realistic needs for the evaluation of electron and communication equipment manufacturing industry patents and research significance. Secondly the paper introduces the related theories of option pricing, analysis the option characteristics of the electron and communication equipment manufacturing industry patents, then determines to use option pricing theory to evaluate the patent value of the electron and communication equipment manufacturing industry. Thirdly, the paper combines with the characteristics of electron and communication equipment manufacturing industry, constructs B-S model and Binary tree model of electron and communication equipment manufacturing industry technology patent value evaluation, and establishes the evaluation index system. Finally, through two different cases examines the advantages of the option pricing models by comparison analysis between traditional and current methods, and points out the importance to scientifically and rationally to determine the volatility, and uses gray multi-level model evaluates the volatility in the case.This paper carries out the pricing research on electron and communication equipment manufacturing industry technology patent, the proposed patent value evaluation method can be learned for the other high technology industries or more areas of the patent value evaluation.