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  1. 1 Olsztyn Economic Journal

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  1. 1 Parmacli D.

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  1. 1 2012

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

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Parmacli D.
Olsztyn Economic Journal
|
2012
|
vol. 7
|
issue 2
239-248
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.
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