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Open AccessArticle

A Methodology of Partner Selection for Sustainable Industry-University Cooperation Based on LDA Topic Model

1
Department of Industrial Management Engineering, Korea University, Seoul 02841, Korea
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Division of Software Convergence, Cheongju University, Chungbuk 28503, Korea
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Author to whom correspondence should be addressed.
Sustainability 2019, 11(12), 3478; https://doi.org/10.3390/su11123478
Received: 25 May 2019 / Revised: 18 June 2019 / Accepted: 21 June 2019 / Published: 25 June 2019
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
In today’s knowledge-based society, industry-university cooperation (IUC) is recognized as an effective tool for technological innovation. Many studies have shown that selecting the right partner is essential to the success of the IUC. Although there have been a lot of studies on the criteria for selecting a suitable partner for IUC or strategic alliances, there has been a problem of making decisions depending on the qualitative judgment of experts or staff. While related works using patent analysis enabled the quantitative analysis and comparison of potential research partners, they overlooked the fact that there are several sub-technologies in one specific technology domain and that the applicant’s research concentration and competency are not the same for every sub-technology. This study suggests a systematic methodology that combines the Latent Dirichlet Allocation (LDA) topic model and the clustering algorithm in order to classify the sub-technology categories of a particular technology domain, and identifies the best college partners in each category. In addition, a similar-patent density (SPD) index was proposed and utilized for an objective comparison of potential university partners. In order to investigate the practical applicability of the proposed methodology, we conducted experiments using real patent data on the electric vehicle domain obtained from the Korean Intellectual Property Office. As a result, we identified 10 research and development sectors wherein Hyundai Motor Company (HMC) focuses using LDA and clustering. The universities with the highest values of SPD for each sector were chosen to be the most suitable partners of HMC for collaborative research. View Full-Text
Keywords: Industry–university cooperation; topic model; Latent Dirichlet Allocation; patent analysis; collaborative research planning Industry–university cooperation; topic model; Latent Dirichlet Allocation; patent analysis; collaborative research planning
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Kang, J.; Lee, J.; Jang, D.; Park, S. A Methodology of Partner Selection for Sustainable Industry-University Cooperation Based on LDA Topic Model. Sustainability 2019, 11, 3478.

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