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Sustainability 2018, 10(8), 2810; https://doi.org/10.3390/su10082810

Exploring Technological Trends in Logistics: Topic Modeling-Based Patent Analysis

School of Air Transportation and Logistics, Korea Aerospace University, Goyang-si, Gyeonggi-do 10540, Korea
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Received: 6 July 2018 / Revised: 6 August 2018 / Accepted: 6 August 2018 / Published: 8 August 2018
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
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Abstract

With the strategic importance of discerning opportunities and threats from technological development to achieve sustainable competitiveness, exploring technological trends becomes critical for a successful technology strategy in logistics. Given the rapid pace of development and varying technological options, logistics also increasingly requires methodological support and appropriate data to reduce the complexity and burden of exploring technology trends. While previous research has largely relied on experts’ insights, the value of patent-based approaches for exploring technological trends has been underestimated in logistics. To address this gap, this study proposes a topic modeling-based approach using logistics-related patents registered at the United States Patents and Trademark Office (USPTO). The core of the suggested approach is latent Dirichlet allocation (LDA), allowing the identification of logistics-related technological topics behind patents. The topics identified by LDA are further investigated regarding both filed-level and firm-level trends. The suggested approach is expected to offer implications of the use of patents for the purpose of exploring the trends of technology development outside the organization in logistics. In addition, we believe that the information on the technological topics and their trends generated by the suggested approach can offer an enhanced understanding of the technological landscape in logistics. View Full-Text
Keywords: technological trends in logistics; technology trend exploration; patent analysis; topic modeling; latent dirichlet allocation technological trends in logistics; technology trend exploration; patent analysis; topic modeling; latent dirichlet allocation
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Choi, D.; Song, B. Exploring Technological Trends in Logistics: Topic Modeling-Based Patent Analysis. Sustainability 2018, 10, 2810.

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