Technology Evaluation and Assessment Methodologies

For the investigation of alternative technology evaluation methods and tools, we have used the Science Direct data base of Elsevier, a major on-line base including more or less one million articles with fairly good representation of engineering and technology.

Four technology evaluation approaches are identified, and every approach includes one or more technology evaluation tools, which are essential and necessary for the implementation of the evaluation.

• Technology benchmarking
• Failure analysis
• Life-cycle analysis
• Cost-benefit analysis