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10
Scope of Technological
Management
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Finance Management
Materials Management
Operations Management.
Maintenance Management
Technological Forecasting
• Technological forecasting is forecasting
the future characteristics of useful
technological machines, procedures or
techniques. Primarily, a technological
forecast deals with the characteristics
of technology.
To predict future demand
To minimize losses
To avoid threats
Need for
Technological Forecasting
• Scan the technological
environment.
• Anticipate technological changes.
• Identify suitable technology by
evaluating various alternatives.
• Plan the technological requirements
for future needs.
• Maximize gain from events external
to the organizations.
Methods of
Technology Forecasting
• Commonly adopted methods of
technology forecasting include the
Delphi method, forecast by analogy,
growth curves and extrapolation.
Normative methods of technology
forecasting — like the relevance
trees, morphological models, and
mission flow diagrams — are also
commonly used.
Analytical Hierarchy
Process
• AHP is a multi-criteria decision
making process introduced by
Thomas L Saaty in the 1970's
• Both quantitative and qualitative
• Mostly situation/case based
Analytical Hierarchy
Process
• The Analytic Hierarchy Process
(AHP) is a structured technique for
dealing with complex decisions.
Rather than prescribing a "correct"
decision, the AHP helps the
decision makers find the one that
best suits their needs and their
understanding of the problem.
Intellectual Property (IP)
• Linear Extrapolation
• Polynomial Extrapolation
• Conic Extrapolation