Recommender affective system and INVAR method for an integrated analysis of the university-industry partnerships

This article deliberates the values (added value, shared values, synergistic value, etc.) of university-industry working partnerships. Strategic partnership portfolio, value co-creation and other models have been applied to achieve the goals of different partners. An analysis of the university-industry partnership investigations established that no concept of some specific value had ever been applied. Use of the term added value occurred most often; however, mutual and shared values had also been mentioned. For a more in-depth assessment of a university-industry partnership, this article proposes applying the International Valuation Standards (IVS) 2017 recommended concept, "synergistic value", as a special Value. What characterizes it is the fact that a combination of interests by virtue of legal assets results in a higher value than the sum of the individual interest values taken separately. The INVAR Method is used for establishing this value in the article; it serves as the basis for developing the Recommender Affective System for an integrated analysis of the synergistic value of a university-industry partnership. Finally, the case of Vilnius Gediminas Technical University (VGTU) in Lithuania underwent an analysis to illustrate the framework for assessing the synergistic value of VGTU working with several industrial partners and the validation of synergetic value. Assessment of synergistic value assists in establishing the effectiveness of joint work between a university and industry.