Chapter 6. An Analytical Framework for Assessing the Enabling Opportunity of Advanced Materials
- John B. Wachtman Jr.
Published Online: 28 MAR 2008
Copyright © 1993 The American Ceramic Society
Proceedings of the 17th Annual Conference on Composites and Advanced Ceramic Materials, Part 1 of 2: Ceramic Engineering and Science Proceedings, Volume 14, Issue 7/8
How to Cite
Lemons, J. F. and Amey, E. B. (2008) An Analytical Framework for Assessing the Enabling Opportunity of Advanced Materials, in Proceedings of the 17th Annual Conference on Composites and Advanced Ceramic Materials, Part 1 of 2: Ceramic Engineering and Science Proceedings, Volume 14, Issue 7/8 (ed J. B. Wachtman), John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470314180.ch6
- Published Online: 28 MAR 2008
- Published Print: 1 JAN 1993
Print ISBN: 9780470375266
Online ISBN: 9780470314180
Advanced materials and emerging technologies are touted as providing the potential for expanded worldwide markets and as creating a new viability for major industry sectors. Materials and technology research and development provide these “enabling opportunities.” However, the commercial potential offered by new materials and technology advances requires an identification of their costs of production, substitution potential, and any benefits offered by enhanced performance in order to be fully understood. Yet, traditional economic evaluations are limited by the rapid pace of new technology development that precludes an evaluation based on historical price and market trend analysis.
The U.S. Bureau of Mines has developed an analytical framework to: assist in the identification of significant emerging technologies, evaluate the costs associated with advanced material fabrication, measure the value of enhanced performance, and quantify the potential “value” of the technology to the marketplace. The framework will be presented with case studies to illustrate its application to advanced material fabrication technologies and specific markets.