Technology is nowadays considered as an important strategic variable for development. The growth of the developed economies is said to be due to productivity enhancement which is largely attributed to technological innovation. Thus the need emerges for a fuller understanding  of the contribution of technology. For improved decision making a new set of technological data will have to be made available and a reorientation of traditional thought will have to be fostered.In the economic production context, technology is simply a means for achieving transformation of available inputs (natural resources and semifinished goods) into desirable outputs (consumer, semifinished and capital goods). To gain a better insight into the role of technology in economic development, it is necessary to view technology as a comprising of four embodied forms (object-embodied physical facilities; person-embodied human abilities; record-embodied documented facts; and institution-embodied management techniques) which interact dynamically at any production system.A framework for measuring the contribution of the four embodiment forms of technology in a production system is presented in this paper. The procedure requires an assessment of the status and interrelationships of the individual components of technology being utilized by a firm vis-a-vis the best practice elsewhere and then to determine the overall “technology contribution coefficient” (TCC) of the transformation operation. The paper suggests the use of the TCC measure for assessing the technological capability of a production system. A careful analysis of the interaction among the four components of technology in relation to the market and policy environment may lead to a better understanding of the technological behaviour of firm with significant policy implications. For such an analysis, the “system dynamics” approach is considered to be suitable because of its ability to deal with complex, interesting and dynamic behaviour of the variables.

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Date created

• 1991

Type

• Document

Processing Activity

• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

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• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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d1cfc0fcedb4f6334f34d1ca11dcf292

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5d7e83a7ca6c4cd9ab0ccc8a805a7aa7

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Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives