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How much is your design worth?

This is a design of the money sign -- a symbol for the enormous value of sharing your designs with open licenses. To calculate the value of your design for the world use the techniques in the paper.


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Pearce, J.M. (2015) Quantifying the Value of Open Source Hardware Development. Modern Economy, 6, 1-11.https://www.academia.edu/10143203/Quantifying_the_Value_of_Open_Source_Hard-ware_Development

With the maturation of digital manufacturing technologies like 3-D
printing, a new paradigm is emerging of distributed manufacturing in
both scientific equipment and consumer goods. Hardware released under
free licenses is known as free and open source hardware (FOSH). The
availability of these FOSH designs has a large value to those with
access to digital manufacturing methods and particularly for scientists
with needs for highly-customized low-volume production products. It is
challenging to use traditional funding models to support the necessary
investment of resources in FOSH development because of the difficulty in
quantifying the value of the result. In order to overcome that
challenge and harvest the current opportunity in both low-cost
scientific equipment and consumer products, this article evaluates the
following methods to quantify the value of FOSH design including: 1)
downloaded substitution valuation; 2) avoided reproduction valuation and
3) market savings valuation along with additional benefits related to
market expansion, scientific innovation acceleration, educational
enhancement and medical care improvement. The strengths and weaknesses
of these methods are analyzed and the results show that the methods are
relatively straight-forward to institute, based on reliable
freely-available data, and that they minimize assumptions. A case study
of a syringe pump with numerous scientific and medical applications is
presented. The results found millions of dollars of economic value from a
relatively simple scientific device being released under open-licenses
representing orders of magnitude increase in value from conventional
proprietary development. The inescapable conclusion of this study is
that FOSH development should be funded by organizations interested in
maximizing return on public investments particularly in technologies
associated with science, medicine and education.

Updates: http://www.appropedia.org/Quantifying_the_Value_of_Open_Source_Hardware_Development



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Mini jmpJoshua Pearce published this design ago