Algorithm of Calculating the Annual Economic Effect from Implementing Different Types of Innovation in a Business Organization

• Authors: Parmacli Dimitri
• Languages of publication: EN

Abstracts

EN

The goal of this article is the development of a commonly acceptable algorithm of calculating the economic effect from introducing innovations in a business organization. The article uses the method of absolute economic efficiency. It results in a number of suggested formulas for calculating the annual economic effect obtained by a reduction of manufacturing costs, increases in sales, savings of labour, material and financial resources both in manufacturing and non-manufacturing business areas, utilization of production waste as well as a reduction of manufacturing defects.

Keywords

EN

Innovation; economic effect; cost of production; savings of resources

• Publisher: Uniwersytet Warmińsko-Mazurski w Olsztynie
• Journal: Olsztyn Economic Journal
• Year: 2012
• Volume: 7
• Issue: 2
• Pages: 239-248

Dates

published

2012-12-31

Contributors

author

Parmacli Dimitri

• Cahul State University, Republic of Moldova

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