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Utility Modeling for Innovation
INTRODUCTION TO UTILITY MODELING
We, by default, often believe that every innovation has utility to the same desirable extent. Unfortunately, it is not always the case. Every innovation has utility on differing scales and to differing extents. In fact, for social reasons, some innovations may not be desirable at all. For example, in warfare history, the invention of the Gatling Gun was hailed by some while abhorred by others. So, innovation can mean different things to different groups. For this reason, the technique of utility modeling is applicable for the assessment of innovation. The advantage of using utility modeling for innovation is that assessment metrics are imposed on the expected performance ...
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