Journal of Northeastern University(Natural Science) ›› 2022, Vol. 43 ›› Issue (2): 297-304.DOI: 10.12068/j.issn.1005-3026.2022.02.020

• Management Science • Previous Articles    

Time Strategies of Innovative Technology Adoption Considering Technical Uncertainty

GUO Li1, JIANG Nan2   

  1. 1. School of Business Administration, Northeastern University, Shenyang 110169, China; 2. Everbright Securities Co., Ltd., Shenzhen 518030, China.
  • Revised:2021-05-28 Accepted:2021-05-28 Published:2022-02-28
  • Contact: GUO Li
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Abstract: Whether an innovative technology should be adopted early or with delay involves the construction of sustainable competitiveness. Based on Farzin’s optimal technology adoption model, the uncertainty of innovative technologies is redefined from two aspects of expected income and occurrence time of innovative technologies, a dynamic programming model for manufacturing enterprises is constructed to adopt innovative technologies, and a numerical example analysis is given. The research shows that for the technologies that appear or grow rapidly, the time strategy of enterprises is to wait and carefully evaluate, so as to avoid falling into the technology trap(the more introduced, the more backward); for technologies with large variable costs(equipment upgrading cost, manpower allocation and other management costs), enterprises’ time strategy is to adopt them as soon as possible.

Key words: technical uncertainty; time strategy; innovative technology; innovation adoption

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