Study on Evaluating the Sustainability of Innovative Products

In the process of product innovations, it is necessary to evaluate the sustainability of innovative products in order to meet the demands of sustainable development. So, the calculation process for evaluating the sustainability of innovative products is proposed in this paper. Firstly, the performan...

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Main Authors: Lisha Geng, Jinge Xing, Zaojie Kong, Lixiao Geng, Haiyan Gao
Format: Article
Language:English
Published: Wiley 2019-01-01
Series:Advances in Materials Science and Engineering
Online Access:http://dx.doi.org/10.1155/2019/8493034
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author Lisha Geng
Jinge Xing
Zaojie Kong
Lixiao Geng
Haiyan Gao
author_facet Lisha Geng
Jinge Xing
Zaojie Kong
Lixiao Geng
Haiyan Gao
author_sort Lisha Geng
collection DOAJ
description In the process of product innovations, it is necessary to evaluate the sustainability of innovative products in order to meet the demands of sustainable development. So, the calculation process for evaluating the sustainability of innovative products is proposed in this paper. Firstly, the performances of the innovative products in social, economic, and environmental aspects are calculated based on the concepts proposed in this paper, including social matching degree, economic feasible degree, and environmental improving rate. Then, the vector-cosine method in the three-dimensional space is proposed to calculate the sustainability integrated in the three aspects, which regards innovative products as the vectors. Both the size and direction of the vectors are considered to calculate the sustainability. Finally, a case study of the cloud rail made by BYD Company in China is provided to illustrate the validity of the proposed calculation process.
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institution Kabale University
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publishDate 2019-01-01
publisher Wiley
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series Advances in Materials Science and Engineering
spelling doaj-art-beaa7f27bea84ac3bbfa470bfa4f88f82025-02-03T01:01:37ZengWileyAdvances in Materials Science and Engineering1687-84341687-84422019-01-01201910.1155/2019/84930348493034Study on Evaluating the Sustainability of Innovative ProductsLisha Geng0Jinge Xing1Zaojie Kong2Lixiao Geng3Haiyan Gao4School of Business Administration, Hebei University of Economics and Business, Shijiazhuang, ChinaInnovation Office, Shijiazhuang Vocational College for Scientific and Technical Engineering, Shijiazhuang, ChinaCollege of Economics and Management, Hebei University of Technology, Tianjin, ChinaCollege of Economics and Management, Hebei University of Technology, Tianjin, ChinaSchool of Mathematics and Quantitative Economics, Dongbei University of Finance and Economics, Dalian, ChinaIn the process of product innovations, it is necessary to evaluate the sustainability of innovative products in order to meet the demands of sustainable development. So, the calculation process for evaluating the sustainability of innovative products is proposed in this paper. Firstly, the performances of the innovative products in social, economic, and environmental aspects are calculated based on the concepts proposed in this paper, including social matching degree, economic feasible degree, and environmental improving rate. Then, the vector-cosine method in the three-dimensional space is proposed to calculate the sustainability integrated in the three aspects, which regards innovative products as the vectors. Both the size and direction of the vectors are considered to calculate the sustainability. Finally, a case study of the cloud rail made by BYD Company in China is provided to illustrate the validity of the proposed calculation process.http://dx.doi.org/10.1155/2019/8493034
spellingShingle Lisha Geng
Jinge Xing
Zaojie Kong
Lixiao Geng
Haiyan Gao
Study on Evaluating the Sustainability of Innovative Products
Advances in Materials Science and Engineering
title Study on Evaluating the Sustainability of Innovative Products
title_full Study on Evaluating the Sustainability of Innovative Products
title_fullStr Study on Evaluating the Sustainability of Innovative Products
title_full_unstemmed Study on Evaluating the Sustainability of Innovative Products
title_short Study on Evaluating the Sustainability of Innovative Products
title_sort study on evaluating the sustainability of innovative products
url http://dx.doi.org/10.1155/2019/8493034
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