Valuable patent or not? Depends on the combination of internal patent family and external citation

摘要

In this article, we are going to find out the patent's real value of itself through patent damage award. Damage award is what a patent fight to win. It might be a good approach to get patent monetary value. We find out a significant variable of forward citation representing deserved external reputation earned. Although family size is not significant, it provides better protection as internal portfolio planed. A new joint random variable EPR earn plan ratio, forward citation counts divide by family size, stand for whether a company internal strategical plan could earn external reputation. A low EPR represents that a company might put too much resource to less competitive innovations. It could help a company get its best patent portfolio management.