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Commercializing innovations remains essential to meeting societal goals. The licensing of university discoveries offers important benefits; in 2014, academic research in the US led to $28 billion in product sales and 965 new products from licensed university work (AUTM). Each of the top 15 institutions collected at least $100 million; some over $400 million. Valuation strategies used in the licensing...
This research focuses on measuring the effect of perceived self-efficacy on entrepreneurial intent in University students as a precursor input to new tech start-ups that drive technology-based economic development. Entrepreneurial intent is defined as the voluntary conscious intentionality to create a new firm. We look at the impact of cultural context and distance in time (temporal construal) on...
A modified levelized cost of energy (LCOE) model was created to determine the economic crossover point (measured in ${{\hskip1pt}{\ssr C} {\hskip-7pt} \raise2.4pt \hbox{$\buildrel{\vrule depth0.5pt width5.5pt} \over{\vrule depth0.5pt width5pt}$}{\hskip2pt}}/\hbox{barrel} $ of oil) between a traditional diesel power-generating facility and a hybrid closed-loop wind–hydro energy system on the island...
This research investigates the application of hybrid closed-loop energy systems that combine multiple clean energy generation and storage technologies as an alternative to diesel fuel fired electrical generators. The El Hierro project in the Canary Islands, an Archipelago of Spain, represents the first major Megawatt-level energy project aimed at coupling continuous wind power generation with potential...
This study explores the technological, economic and socio-political conditions surrounding the world's first installation of a wind-hydro-diesel hybrid electrical generating system on the Island of el Hierro, Spain. A modified levelized cost of energy (LCOE) model is presented for both existing diesel energy systems and the renewable energy hybrid closed-loop system to determine the economic crossover...
Larger Geographically isolated populations do not typically have access to primary grid power, and thus rely on generating plants that depend on external supplies of fossil fuels to provide consistent access to power. The application of hybrid closed-loop renewable energy systems can alleviate this dependence and significantly reduce the carbon footprint by reducing the effective combustion byproducts...
Many studies concerning the management of early phase technology revolve around methods for predicting commercial success of the innovation as a critical component to the patenting, licensing, and technology risk reduction investment process. While firms have individualized methodologies for technology development investment strategies, universities typically end their commercialization activities...
The principles of the Toyota Production System (TPS), or Lean manufacturing, are well known in the auto manufacturing industry. Many companies, utilizing aspects of the TPS focus on creating higher quality products and, at the same time, less waste in ever increasingly competitive global markets. Since the advent of Six Sigma programs, many companies have identified themselves as being a Lean manufacturer...
Historically, major US aerospace programs have suffered from cost increases and schedule delays. While inaccurate basis of estimates can lead to discrepancies between planned and actual program performance, a well-planned, lean supply chain can still experience cost and schedule pressures. It is clear that all design changes lead to schedule delays and associated cost increases, and it is also clear...
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