Methodology for Estimating the Expected Cost of Engineering and Technology Innovation
The article proposes a methodology for estimating the expected cost of technical and technological innovations. The evaluation is performed in the pre-design phase of the innovation (project initiation phase). It relies on the method of analogy and is implemented based on the principle of “so was -...
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| Format: | Article |
| Language: | English |
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North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
2019-12-01
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| Series: | Управленческое консультирование |
| Subjects: | |
| Online Access: | https://www.acjournal.ru/jour/article/view/1237 |
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| author | T. N. Saurenko E. G. Anisimov E. S. Rodionova |
| author_facet | T. N. Saurenko E. G. Anisimov E. S. Rodionova |
| author_sort | T. N. Saurenko |
| collection | DOAJ |
| description | The article proposes a methodology for estimating the expected cost of technical and technological innovations. The evaluation is performed in the pre-design phase of the innovation (project initiation phase). It relies on the method of analogy and is implemented based on the principle of “so was - so will be.” At the same time, the available analogues provide objective information about “how it was.” Extending this data into the future to estimate the cost of design relies on probabilistic interpretation of the available uncertainty. Uncertainty removal is accomplished using the principle of maximum entropy. This ensures the most complete consideration of the available objective information and minimizes speculation in assessing the cost of designing innovative objects. In general, the methodology proposed in the article allows obtaining objective estimates of the expected cost of designing technical and technological innovations in the standard information situation for the initiation stage of the project. |
| format | Article |
| id | doaj-art-45bbb5151daa428ba8e68ae6468e971e |
| institution | DOAJ |
| issn | 1726-1139 1816-8590 |
| language | English |
| publishDate | 2019-12-01 |
| publisher | North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration |
| record_format | Article |
| series | Управленческое консультирование |
| spelling | doaj-art-45bbb5151daa428ba8e68ae6468e971e2025-08-20T03:05:03ZengNorth-West institute of management of the Russian Presidential Academy of National Economy and Public AdministrationУправленческое консультирование1726-11391816-85902019-12-0101112012810.22394/1726-1139-2019-11-120-1281153Methodology for Estimating the Expected Cost of Engineering and Technology InnovationT. N. Saurenko0E. G. Anisimov1E. S. Rodionova2Peoples’ Friendship University of RussiaPeoples’ Friendship University of RussiaSaint-Petersburg named by V.B. Bobkov branch of the Russian Customs AcademyThe article proposes a methodology for estimating the expected cost of technical and technological innovations. The evaluation is performed in the pre-design phase of the innovation (project initiation phase). It relies on the method of analogy and is implemented based on the principle of “so was - so will be.” At the same time, the available analogues provide objective information about “how it was.” Extending this data into the future to estimate the cost of design relies on probabilistic interpretation of the available uncertainty. Uncertainty removal is accomplished using the principle of maximum entropy. This ensures the most complete consideration of the available objective information and minimizes speculation in assessing the cost of designing innovative objects. In general, the methodology proposed in the article allows obtaining objective estimates of the expected cost of designing technical and technological innovations in the standard information situation for the initiation stage of the project.https://www.acjournal.ru/jour/article/view/1237technical and technological innovationsdesignvaluationmethodology |
| spellingShingle | T. N. Saurenko E. G. Anisimov E. S. Rodionova Methodology for Estimating the Expected Cost of Engineering and Technology Innovation Управленческое консультирование technical and technological innovations design valuation methodology |
| title | Methodology for Estimating the Expected Cost of Engineering and Technology Innovation |
| title_full | Methodology for Estimating the Expected Cost of Engineering and Technology Innovation |
| title_fullStr | Methodology for Estimating the Expected Cost of Engineering and Technology Innovation |
| title_full_unstemmed | Methodology for Estimating the Expected Cost of Engineering and Technology Innovation |
| title_short | Methodology for Estimating the Expected Cost of Engineering and Technology Innovation |
| title_sort | methodology for estimating the expected cost of engineering and technology innovation |
| topic | technical and technological innovations design valuation methodology |
| url | https://www.acjournal.ru/jour/article/view/1237 |
| work_keys_str_mv | AT tnsaurenko methodologyforestimatingtheexpectedcostofengineeringandtechnologyinnovation AT eganisimov methodologyforestimatingtheexpectedcostofengineeringandtechnologyinnovation AT esrodionova methodologyforestimatingtheexpectedcostofengineeringandtechnologyinnovation |