On the r&d priority setting in technology foresight: A DEA and ANP approach

Abstract

This paper propose a systematic approach to setting R&D priorities of emerging technologies in the technology foresight context. The proposed approach consists of two stages with two multiple criteria decision making methods. Firstly, socio-economic cost-benefit analysis based on data envelopment analysis with macro-level criteria is conducted to screen initial set of emerging technologies. The second stage deals with the detailed prioritization of the emerging technologies that have been selected at the first stage. Analytic network process is employed here with micro-level criteria. The set of derived R&D priorities of emerging technologies is expected to aid R&D policy-making.