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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Autores principales:	T. N. Saurenko, E. G. Anisimov, E. S. Rodionova
Formato:	article
Lenguaje:	EN RU
Publicado:	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2019
Materias:	technical and technological innovations design valuation methodology Political institutions and public administration (General) JF20-2112
Acceso en línea:	https://doaj.org/article/45bbb5151daa428ba8e68ae6468e971e
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id	oai:doaj.org-article:45bbb5151daa428ba8e68ae6468e971e
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spelling	oai:doaj.org-article:45bbb5151daa428ba8e68ae6468e971e2021-11-12T10:46:11ZMethodology for Estimating the Expected Cost of Engineering and Technology Innovation1726-11391816-859010.22394/1726-1139-2019-11-120-128https://doaj.org/article/45bbb5151daa428ba8e68ae6468e971e2019-12-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/1237https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590The 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.T. N. SaurenkoE. G. AnisimovE. S. RodionovaNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articletechnical and technological innovationsdesignvaluationmethodologyPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 11, Pp 120-128 (2019)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	technical and technological innovations design valuation methodology Political institutions and public administration (General) JF20-2112
spellingShingle	technical and technological innovations design valuation methodology Political institutions and public administration (General) JF20-2112 T. N. Saurenko E. G. Anisimov E. S. Rodionova Methodology for Estimating the Expected Cost of Engineering and Technology Innovation
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
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
title	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_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_sort	methodology for estimating the expected cost of engineering and technology innovation
publisher	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate	2019
url	https://doaj.org/article/45bbb5151daa428ba8e68ae6468e971e
work_keys_str_mv	AT tnsaurenko methodologyforestimatingtheexpectedcostofengineeringandtechnologyinnovation AT eganisimov methodologyforestimatingtheexpectedcostofengineeringandtechnologyinnovation AT esrodionova methodologyforestimatingtheexpectedcostofengineeringandtechnologyinnovation
_version_	1718430730056368128

Methodology for Estimating the Expected Cost of Engineering and Technology Innovation

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