Technology transfer has been a very frequent activity in the industrial world nowadays. Technology valuation, and in particular technology pricing, has played a considerable role in these transactions, in spite of a huge amount of limitations in the pricing methodologies applied. Making a sound, traceable and reliable means for applying the price evaluation procedure, seems as a technological requirement to be traced for. The objective of delivering this paper is to introduce a new numerical technology pricing method to provide the two transacting parties a unique compromised price. A three-dimensional model for technology pricing is proposed and The TOPSPS algorithm has been utilized to select the most similar technologies to the intended one and the constructed scoring system is applied to calculate the final technology price accordingly.

Shakeri, A., Shafia, M & Seyedhosseini, S. M. (2012). Utilizing TOPSIS intensified with adjustment similarity factor to determine price of technology.Management Science Letters, 2(4), 1385-1396.

Anderson, A. (1992). The Valuation of Intangible Assets. Special Report No. P254, the Economist Intelligence Unit, London.

Bandalos, D. L., & Boehm-Kaufman, M. R. (2009). Four common misconceptions in exploratory factor analysis In Statistical and methodological myths and urban legends: Doctrine, verity and fable in the organizational and social sciences. Lance, Charles E. (Ed.); Vandenberg, Robert J. (Ed.). New York: Routledge. pp. 61–87.

Child, D. (1973). The Essentials of Factor Analysis. Holt, Rinehart & Winston, London.Chiu, Y.J., & Chen, Y.W. (2007). Using AHP on Patent Valuation. Mathematical and Computer Modeling, 46, 1054–1062.

Hultén, P., Viström, M., & Mejtoft, T. (2009). New printing technology and pricing. Industrial Marketing Management, 38(3), 253-262

Hornby, A. S. (2010). Oxford Advanced Learner’s Dictionary of Current English. Oxford University Press, 10th ed., Oxford.Hwang, C. L., & Yoon, K. (1981). Multiple Attribute Decision Making Methods and Applications. Springer, Berlin Heidelberg.Jafarnejad, E. (2007). Engineering of Information Technology. Computer Science Publication, 1st ed., Tehran.Lai, Y. J., Liu, T. Y., & Hwang, C. L. (1994). TOPSIS for MODM. European Journal of Operational Research, 76(3), 486–500.

Leino, L., Antila, M., Beletski, A., & Isola, T., & Janhonen, H. (2005) ‘IPR Valuation and Pricing’, Final Report, Mat-2.177 Seminar on case studies in operation research, Case: Asperation Oy, Helsinki University of Technology.

Parr, R. L., & Smith, G.V. (1994). Quantitative Methods of Valuing Intellectual Property. In: M. Simensky and L. G. Bryer, The New Role of Intellectual Property in Commercial Transactions (pp.39- 68), John Wiley & Sons Inc., New York.

Razgaitis, R. (2003). Valuation and Pricing of Technology–based Intellectual Property. John Wiley & Sons Inc., New York.

Rencher, A. (2002). Method of Multivariate Analysis. Wiley Series in Probability & Statistics, 2nd ed., John Wiley & Sons Inc., New York.Shafia M. A., & Shakeri, A. (2010). Developing a Combined Model to Fair Pricing of Technology in Commercialization Process. Proceedings of the 4th National Technology Management Conference, Iramot, Tehran, Iran, 396-410.

Stevens, A. (2005). Intellectual Property and Technology Transfer. Presentation at the Bill and Melinda Gates Foundation Symposium on Challenges in Translational Research, School of Management, Boston University, MA.Tabatabaeyan, H., & Gharibi, J. (2008). A review on concepts and quantitative methods of technology valuation. Journal of Incubators & Technological Parks, 13, 11-19.

Van Wyk, R. J. (2010). Technology assessment for portfolio managers. Sciencedirect, Technovation, 30, 223–228.

Yongtae, P., & Gwangman, P. (2002). A new method for technology valuation in monetary value: procedure and application. Technovation, 24, 387–394.