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URS methodology - a tool for stimulation of economic growth by innovations
Subtitle:Raport Badawczy = Research Report ; RB/8/2001
Creator: Publisher:Instytut Badań Systemowych. Polska Akademia Nauk ; Systems Research Institute. Polish Academy of Sciences
Place of publishing: Date issued/created: Description:[1], 11 pages ; 21 cm ; Bibliography p. 11
Subject and Keywords:Innowacje ; Evaluation of r&d of projects ; Capital return ; Zwrot kapitału ; Innovations ; Funkcja użyteczności ; Research risk ; Utility function investments ; Financial and organizational leverages ; Joint venture contracts ; Ocena projektów badawczo-rozwojowych ; Ryzyko badań ; Dźwignia finansowa i organizacyjna ; Umowy joint venture ; Bezpieczeństwo,
Abstract:The paper introduces a new methodology for evaluation of innovations. lt is based on the notion of utility, depending on the capital rate of return and safety. Safety is defined as the notion complementary to the value at research risk. The value at safety is an increasing function of research and development period (T). The methodology enables one to derive the optimum utility maximizing T and a ranking of innovation projects. The stimulation of economic growth by innovation is also studied.
Relation:Raport Badawczy = Research Report
Resource type: Detailed Resource Type: Source: Language: Language of abstract: Rights:Creative Commons Attribution BY 4.0 license
Terms of use:Copyright-protected material. [CC BY 4.0] May be used within the scope specified in Creative Commons Attribution BY 4.0 license, full text available at: ; -
Digitizing institution:Systems Research Institute of the Polish Academy of Sciences
Original in:Library of Systems Research Institute PAS
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