The Reseach In Applications Of Technical Patent Value In Option

Nowadays,as the driving force of innovation,intellectual property right has become an important support for building an innovation oriented country and the key to master the development of the initiative.Enterprises are under an important phase of transformation and upgrading,gradually shifting from the original labor-intensive to technology-intensive and moving toward manufacturing industry 4.0.Governments continue to promulgate policies to encourage enterprises to broaden R&D investment.As the competitive advantage of the enterprise,the patent technology are protected by laws and beneficial to exclude potential or existing competitors and produce high quality products,so as to occupy the market and raise profitability.In this increasing competitive market,the technology patent become more and more important to the enterprise.In the continuous expand the R&D investment,China's domestic patent applications and patent license number significantly increased.As the global investment in R&D technology continues to increase,life cycle of technology and product economy continues to shrink.Patents are not only the main growth for enterprises to realize their own value and gain profit,but also can be a financing tool for enterprises.Therefore,it is imperative to improve the accuracy of the evaluation of technical patents.Traditional static evaluation methods:cost method,market method,income method,which cannot gain a high accuracy of assessing result.Based on the analysis of the advantages and disadvantages of the traditional evaluation methods and the option characteristics of the patented technology,this paper use the dynamic real options method to evaluate the value of the patented technology.On the basis of comparing the advantages and disadvantages of the different models in the option method,present the advantages of the option method in evaluating the patent of technical patents.According to the actual case in the option method which exists value leakage and transaction problems,analysis corresponding solutions,test feasibility.This paper provide a new way of thinking for the study of patent value.At the same time,it provides a new valuation method for the owner of patent technology to make investment decisions and valuation.