Cost-Benefit Analysis of Participation in Standardization: Developing a Calculation Tool

Henk Vries, JL Veurink

Research output: Chapter/Conference proceedingChapterAcademic


Participation in standardization costs time and thus money and additionally there are out of pocket costs. Is it worth this investment? This paper seeks to develop and test a method to calculate cost and benefits of participation. Companies can use such a calculation to prepare a decision whether or not to join, during the process whether or not to continue, and afterwards to evaluate if the overall benefits outweigh the cost. Academic researchers can use the same method to analyze impacts of standardization projects.
Original languageEnglish
Title of host publicationDisruptive Technology: Concepts, Methodologies, Tools, and Applications
EditorsM. Khosrow-Pour
Place of PublicationHershey, PA
Number of pages16
Publication statusPublished - 2019

Bibliographical note

Book chapter similar to previous paper. Published without prior consultation of authors.


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