The assignment question is provided in the pdf file. It is based on engineering management.

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The assignment question is provided in the pdf file. It is based on engineering management.


MECH4660: ENGINEERING MANAGEMENT FINAL EXAM INSTRUCTIONS The end of term assessment for MECH4660/AMME9601 is scheduled as a 2-hour examination. It is worth 50% of the final mark for the overall subject. The individual exam questions are drawn from lecture information provided and covered within the entire course, content inclusive of information presented by guest speakers. Students will be required to submit via TURNITIN only 2 x prepared answers (individual submissions) to questions that are circulated prior to the end of term. There will be 5 specific questions that will be issued separately well before the end of term. Students can prepare solutions to these five questions during the term and including the exam day period. No assistance or tutorial advice is offered, and students should note that this an individual assessment. It is not a group exercise and sharing/ collaboration is completely prohibited. If any transgression is identified, then it will be handled according to the university polices. The exam answers be submitted via TURITIN. The exam will present two only of the five questions during the semester will require “uploading” in Pdf format. Instructions will be issued how to upload responses. Therefore, students should ideally prepare answers to all five questions, well in advance of the exam. These two selected questions will be assessed and marked. Students are only required to upload two answers/solutions issued during the semester or alternatively, prepare and upload solutions during the 2 hour exam period. Please note that the two questions are selected by the examiner and not selected by the student. Students should make a genuine effort to consider all course inputs and factors to construct a genuine individual response to questions. It is expected that the response to questions submitted can, if desired, include non-text input. The lecturer is unable to provide general guidance and interpretation or assistance with these exam questions. Students must submit a “readable text“ response to each question i.e. a typed Pdf submission. Reponses can include diagrams etc, that can be read by TURNITIN. It is expected that each answer/solution maybe 3-4 single space A4 pages in length. References and bibliographies are not required. QUESTION 4 (ANSWER SHOULD BE 3 TO 4 PAGES) The commercial success of innovation and technical activity can involve careful consideration of the most effective methods of value extraction. Explain and discuss value extraction versus value creation in the context of intellectual property (IP). Discuss how trademarks and patents can assist technical organisations with competitive strategy. Discuss and explain if you perceive any (i) limitations on the resources, and (ii) limitations required to effectively implement IP protection in organisations. QUESTION 5 (ANSWER SHOULD BE 3 TO 4 PAGES) Professional engineers have societal obligations as well as expectations of technical competence. The course has highlighted many external factors that influence engineering practices. Explain what you understand as a “whole of life” (WOL) project analysis both in terms of financial assessment and external considerations. Discuss and explain the concept of “pillars of sustainability” and give examples. Explain how engineering practices require any ethical considerations and discuss if “macro versus micro” considerations are relevant.
Answered 6 days AfterMay 28, 2022

Answer To: The assignment question is provided in the pdf file. It is based on engineering management.

Shubham answered on Jun 03 2022
87 Votes
MECH4660: ENGINEERING MANAGEMENT
FINAL EXAM
Table of Contents
QUESTION 4    3
Explain and Discuss Value Extraction Versus Value Creation in Context of Intellectual Property (IP).    3
Value Extraction in context of IP:    3
Value Creation in context of IP:    3
Benefit of Trademarks and Patents in Assisting Technical Organisations with Competitive Strategy    3
IP    3
Trademarks:    3
Patents:    4
QUESTION 5    4
“Whole of Life” (WOL) Project Analysis in Financial Assessment and External Considerations    4
Whole of Life Proje
ct Analysis    4
Pillars of Sustainability    4
Social Sustainability    4
Economic Sustainability    5
Environment Sustainability    5
Ethical Considerations in Engineering Practices    5
Bibliography    6
5
QUESTION 4
Explain and Discuss Value Extraction Versus Value Creation in Context of Intellectual Property (IP).
Value Extraction in context of IP:
The objective of any protected innovation (IP) well thought out course of action is to extricate esteem from the IP resources. This can be achieved in an assortment of ways, for example, by dispossessing rivalry through predominant patent privileges, which makes the capacity to expand net overall revenues. It can be done forcefully by stating licensed innovation freedoms against outsiders and gathering harm grants and, maybe, improved harm grants; selling the innovation largely; or giving the innovation to a magnanimous or instructive establishment consequently making an ideal duty advantage.
Value Creation in context of IP:
IP valuation is an interaction to decide the financial worth of IP resources. To be capable sell, permit or go into any business game plans in light of IP, one should have the option to put a worth on an IP resource [1]. IP valuation is additionally advantageous in the requirement of IP freedoms, for inner administration of IP resources and for different monetary cycles.
As of late, the essential locus of significant worth for the vast majority organisations has been found in their protected innovation privileges. By one informed gauge from the last part of the 1990s, a few 3/4 of the companies from Fortune 100s complete market capitalisation were addressed through elusive resources, such as trademarks, licenses and copyrights [1]. In such a climate, IP board cannot be passed on to directors of innovation or lawful staff of corporate only.
Considering that the time-period for profits from IP property is a capital-intensive, required action for long terms focus and those decisions, which will influence the IP, are generally irreversible for minimal price, IP executives should involve for useful and speciality unit experts as well as an enterprise's senior most officials [2].
Benefit of Trademarks and Patents in Assisting Technical Organisations with Competitive Strategy
IP
IP valuation in practice can help in
Secured Finance:
To involve IP resources as security to get funding, one has a more prominent likelihood of coming out on top on the off chance that the resources can be esteemed independently from the business. For this situation, it is essential to show that the IP resources will stay substantial; primarily, however, long the funding reimbursement period might last.
They ought likewise to stay attractive in case of dispossession.
Collaboration:
Prior to putting resources into an organisation, investors need to know the worth of that organisation's IP. Legitimate valuation of IP resources can along these lines assist with prevailing upon such likely financial backers, who will generally search for maximal return and negligible gamble. Likewise, on the off chance that you are thinking about a joint endeavour, vital collusion, consolidation or securing, IP valuation can help with understanding how much worth the IP resources of all gatherings add to the association.
Franchising and Licensing:
A careful comprehension of the IP resources before moving into dealings on permitting will assist with guaranteeing that one can pursue better-educated choices based on the conditions and states of the permitting understanding. Knowing your IP resources will likewise help in deciding fair sovereignty rates. In diversifying as well, both franchisor and franchisee need an exhaustive comprehension of the worth of IP resources.
Dispute Management:
Knowing the worth of an IP resource can affect the choice about what methodology to utilise assuming that resource is encroached upon. Through IP valuation, it could be better ready to choose whether to seek after the court course, to decide on elective debate goal, or even whether to consider permitting the resource for the encroaching party. IP valuation likewise assumes a significant part in working out harms.
Licensed innovation freedoms can assist an organisation with acquiring upper hand in different ways, yet three are fundamental:
(i) They can give an impermanent mechanical lead (incumbency), safeguard brand names and assist with framing an industry standard.
(ii) Mixes of licenses and brand names can assist with supporting IP-based upper hands [3].
(iii) The utilisation of licenses to partake in a transient mechanical lead is the most popular method for...
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