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

Henk Vries; JL Veurink

doi:10.4018/978-1-5225-9273-0.ch021

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

Research output: Chapter/Conference proceeding › Chapter › Academic

Abstract

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 language	English
Title of host publication	Disruptive Technology: Concepts, Methodologies, Tools, and Applications
Editors	M. Khosrow-Pour
Place of Publication	Hershey, PA
Pages	445-460
Number of pages	16
DOIs	https://doi.org/10.4018/978-1-5225-9273-0.ch021
Publication status	Published - 2019

Bibliographical note

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

Access to Document

10.4018/978-1-5225-9273-0.ch021

http://hdl.handle.net/1765/123602

Cite this

@inbook{eec19b149b394e3881709cb8fbda15a6,

title = "Cost-Benefit Analysis of Participation in Standardization: Developing a Calculation Tool",

abstract = "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.",

author = "Henk Vries and JL Veurink",

note = "Book chapter similar to previous paper. Published without prior consultation of authors.",

year = "2019",

doi = "10.4018/978-1-5225-9273-0.ch021",

language = "English",

isbn = "9781522592730",

pages = "445--460",

editor = "M. Khosrow-Pour",

booktitle = "Disruptive Technology: Concepts, Methodologies, Tools, and Applications",

}

TY - CHAP

T1 - Cost-Benefit Analysis of Participation in Standardization: Developing a Calculation Tool

AU - Vries, Henk

AU - Veurink, JL

N1 - Book chapter similar to previous paper. Published without prior consultation of authors.

PY - 2019

Y1 - 2019

N2 - 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.

AB - 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.

UR - https://www.igi-global.com/chapter/cost-benefit-analysis-of-participation-in-standardization/231199

U2 - 10.4018/978-1-5225-9273-0.ch021

DO - 10.4018/978-1-5225-9273-0.ch021

M3 - Chapter

SN - 9781522592730

SP - 445

EP - 460

BT - Disruptive Technology: Concepts, Methodologies, Tools, and Applications

A2 - Khosrow-Pour, M.

CY - Hershey, PA

ER -

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

Abstract

Bibliographical note

Access to Document

Other files and links

Fingerprint

Cite this