Perfecting of a scaling of innovation project’s efficiency

Authors

  • Vadim F. Islamutdinov

Keywords:

Assessment of efficiency, innovation project, improvement/perfecting, entropy

Abstract

The paper deals with strengths and weaknesses of the generally accepted methodology of assessment of innovation project efficiency based on the net discounted cash flow. Processes of production of entropy in the system of the economic agent are analyzed. Economic consequences of production of the internal and external entropy are disclosed. The ways to improve the existing methodology, using positions of the theory of systems and thermodynamics, are offered. Application of the correction, based on economic consequences of production and deduction of entropy during implementation of the innovation project is offered.

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Published

2013-11-05

Issue

Section

ORIGINAL SCIENTIFIC ARTICLE