Estimation of Economic Efficiency of Innovations

The paper substantiates the fact that with high inflation and high-interest credits calculation of annual economic effect due to introduction of the designed innovation variant is better to conduct proceeding not from the sum of the anticipated net profit and investments but taking into account prof...

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Main Author: E. I. Gornakov
Format: Article
Language:Russian
Published: Belarusian National Technical University 2005-06-01
Series:Наука и техника
Online Access:https://sat.bntu.by/jour/article/view/1359
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author E. I. Gornakov
author_facet E. I. Gornakov
author_sort E. I. Gornakov
collection DOAJ
description The paper substantiates the fact that with high inflation and high-interest credits calculation of annual economic effect due to introduction of the designed innovation variant is better to conduct proceeding not from the sum of the anticipated net profit and investments but taking into account profit increment (or economy of cost) and additional investments in the designed variant being compared with the basic one. Such methodological approach makes it possible to be more objective in estimation of economic efficiency of innovations and decrease the probability to take wrong decisions about expediency (or inexpediency) of innovation investments.
format Article
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2414-0392
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publishDate 2005-06-01
publisher Belarusian National Technical University
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series Наука и техника
spelling doaj-art-7573ee6e9ce44783bdb061c6d79e6c152025-08-20T02:36:08ZrusBelarusian National Technical UniversityНаука и техника2227-10312414-03922005-06-0103818210.21122/2227-1031-2005-0-3-81-821278Estimation of Economic Efficiency of InnovationsE. I. Gornakov0Belarusian National Technical UniversityThe paper substantiates the fact that with high inflation and high-interest credits calculation of annual economic effect due to introduction of the designed innovation variant is better to conduct proceeding not from the sum of the anticipated net profit and investments but taking into account profit increment (or economy of cost) and additional investments in the designed variant being compared with the basic one. Such methodological approach makes it possible to be more objective in estimation of economic efficiency of innovations and decrease the probability to take wrong decisions about expediency (or inexpediency) of innovation investments.https://sat.bntu.by/jour/article/view/1359
spellingShingle E. I. Gornakov
Estimation of Economic Efficiency of Innovations
Наука и техника
title Estimation of Economic Efficiency of Innovations
title_full Estimation of Economic Efficiency of Innovations
title_fullStr Estimation of Economic Efficiency of Innovations
title_full_unstemmed Estimation of Economic Efficiency of Innovations
title_short Estimation of Economic Efficiency of Innovations
title_sort estimation of economic efficiency of innovations
url https://sat.bntu.by/jour/article/view/1359
work_keys_str_mv AT eigornakov estimationofeconomicefficiencyofinnovations