Introduction
Emerging research institutions include HBCUs
Emerging research institutions’ patent licensing can benefit from budgeting for patent licensing revenues. Surely, these added revenues can help research institutions become more sustainable financially. However, many Emerging Research Institutions (ERIs) struggle to succeed in technology transfer. Therefore, this study describes the development of a university technology transfer supply chain network sustainability tool. Private and public ERls can use this tool to become more self-reliant financially. Historically black colleges and universities (HBCUs) are ERls. The HBCU case was studied. HBCUs lag behind their peer non-HBCUs. Historically they have been under-served and were originally established largely as teaching and blue-collar trade schools.
Systems Dynamics and Optimized Resource Planning
Notably, some doctoral HBCUs desire to strengthen their research activities. Systems dynamics is the process of combining the theory, method, and philosophy necessary to analyze the behavior of a system. This provides a common foundation that can be applied to understand and influence how things change over time. Applying the systems dynamics approach, a budget resource planning tool was developed using a linear programming optimization technique. This study illustrates that classic industrial uses of linear programming optimization techniques to optimize budget resource planning. Thus, the goal is to create sustainable supply chain networks for HBCUs and other emerging research institutions. This study contributes to the improved execution of technology transfer projects through better budget resource planning.
To conclude, patenting and marketing to potential industry licenses is very expensive. This is a real problem and balancing act for TTO directors (Silverman, 2007). With each invention disclosure, TTOs must decide whether to invest funds, patent and market the technology quickly. Otherwise, they miss opportunities. A study of TTO directors revealed that 20.3% of the TTOs have to be self- sufficient and fund at least 50% of their operating budgets (Abrams, 2009). Thus, budget resource planning is crucial for all research universities. Moreover, budget strapped ERIs such as HBCUs experience this problem. Emerging research patent licensing is sensitive. The level of resources committed to university tech transfer programs is the greatest determinant of success (Crowell, 2005). This study illustrates the use of classic industrial linear programming optimization techniques can to uniquely optimize budget resources.
See also HBCUs budget resource planning in university technology transfer
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