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Innovation risk path assessing for a newly emerging science & technology: Illustrated for dye-sensitized solar cells
Disruptive Technologies, Innovation and Global Redesign: Emerging Implications (2012)
  • tingting ma
  • ying guo
  • alan l porter
Abstract
For “Newly Emerging Science & Technologies” (“NESTs”), uncertainty is the major challenge. Technological innovation for NESTs faces many kinds of risks that dramatically affect their development paths. This paper combines methods of risk utility theory and technology path research and explores a new innovation risk path modeling method for NEST development. Here we apply selected tools from risk utility theory and technology path research to the NEST of special concern—Dye-Sensitized Solar Cells (DSSCs). The case for DSSC commercialization is promising, but challengeable. The prospects for future development of DSSCs are good, with identifiable markets. Multi-party collaboration appears necessary in order to overcome challenges to development. If key technology component selection, technical stability, maturation rate, and other core issues can be improved, commercial innovation has tremendous potential. However, significant competing technologies as well as uncertain environmental influences complicate matters. This combination of qualitative and quantitative approaches should yield robust assessment and should allow for better communication of those results. It is useful for technology managers and policy-makers to grasp the development process and prospects for a specific NEST to facilitate innovation management
Keywords
  • New & Emerging Science & Technologies,
  • Future-oriented Technology Analyses,
  • dye-sensitized solar cells,
  • risk assessment
Publication Date
2012
Editor
Ndubuisi Ekekwe and Nazrul Islam
Publisher
Information Science Reference (IGI Global)
Citation Information
tingting ma, ying guo and alan l porter. "Innovation risk path assessing for a newly emerging science & technology: Illustrated for dye-sensitized solar cells" Hershey, PA, USADisruptive Technologies, Innovation and Global Redesign: Emerging Implications (2012)
Available at: http://works.bepress.com/alan_porter/22/