Economic impact and technical change

Author

Hilbrink, J.O.

Author_Institution

NCR Corp., Dayton, OH, USA

Volume

36

Issue

1

fYear

1989

fDate

2/1/1989 12:00:00 AM

Firstpage

37

Lastpage

46

Abstract

The technology decomposition theory is proposed for technologies that exhibit rapid technical change. This theory is intended to support technology forecasting by means of definition of the technical change in technology constituents. Technology decomposition shows that rapid technical change is mainly accomplished by improvements in the manufacturing process. The improvements are the result of the design of new production equipment. Measurements of technical change are used to derive a technology constituent value. It is proposed that the derived constituent value is the maximum achievable. This leads to implications for the management of technology in general and, specifically, for the management of product engineering, if the product depends on one or more rapidly changing technologies

Keywords

management; technological forecasting; economics; management; manufacturing process improvements; product engineering; technical change; technology decomposition theory; technology forecasting; Aggregates; Costs; Economic forecasting; Engineering management; Environmental economics; Manufacturing processes; Production equipment; Technological innovation; Technology forecasting; Technology management;

fLanguage

English

Journal_Title

Engineering Management, IEEE Transactions on

Publisher

ieee

ISSN

0018-9391

Type

jour

DOI

10.1109/17.19981

Filename

19981