International Journal of Research in Advanced Engineering and Technology

International Journal of Research in Advanced Engineering and Technology


International Journal of Research in Advanced Engineering and Technology
Vol. 3, Issue 2 (2017)

Design and simulation of the dynamic expert system for intellectual property management in corporate bodies


Nwobodo Lois Onyejere, Inyiama Hycinth Chibueze, Ifeyinwa C Obiora-Dimson

The design of a dynamic Expert System (DES) for Intellectual Property (IP) Management in Corporate bodies has been illustrated using Electronic Development Institute (ELDI) Awka as case study. A dynamic expert system (DES) is dynamically kept up to date as more knowledge is gained. This is a useful means of managing the Intellectual Property that drives an organization forward so that the Knowledge repository can be enhanced with new industry best practices as more knowledge is gained and edited to remove obsolete knowledge. The DES was subjected to Monte Carlo Simulation to see how it would fare for the next five (5) years (20 quarters). A quarterly elicitation process is done in a continuous in-house search for new IPs. The new IP claims are validated through peer review and successful ones are used to update the DES knowledge repository. This makes the operational IP of the corporate body grow dynamically with industry best practices. A successful new IP is rated grade 1 or grade 2 or grade 3 according to its quality and the grade is assigned during peer review. The grade of the new IP determines the remuneration to be paid to the contributor for the effort. A remuneration scheme is worked out in this research such that the worth of a new IP to the corporate body is much higher than the remuneration paid to the contributors of new IP. There is therefore a reduced cost of new IP acquisition in the corporate body due to this cost effective approach used. Thus the net worth of a new IP is the worth of the new IP to the corporate body less remuneration paid to the operation staff.
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