Technology scoring model considering rejected applicants and effect of reject inference

Y. Kim, S. Y. Sohn

Research output: Contribution to journalArticle

16 Citations (Scopus)

Abstract

Technology evaluation has become a critical part of technology investment, and accurate evaluation can lead more funds to the companies that have innovative technology. However, existing processes have a weakness in that it considers only accepted applicants at the application stage. We analyse the effectiveness of technology evaluation model that encompasses both accepted and rejected applicants and compare its performance with the original accept-only model. Also, we include the analysis of reject inference technique, bivariate probit model, in order to see if the reject inference technique is of use against the accept-only model. The results show that sample selection bias of the accept-only model exists and the reject inference technique improves the accept-only model. However, the reject inference technique does not completely resolve the problem of sample selection bias.

Original languageEnglish
Pages (from-to)1341-1347
Number of pages7
JournalJournal of the Operational Research Society
Volume58
Issue number10
DOIs
Publication statusPublished - 2007 Oct

All Science Journal Classification (ASJC) codes

  • Management Information Systems
  • Strategy and Management
  • Management Science and Operations Research
  • Marketing

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