URS Methodology - A Tool for Stimulation of Economic Growth by Innovations

• Autorzy: Kulikowski R.
• Języki publikacji: EN

Abstrakty

EN

The paper introduces a new methodology for evaluation of innovations. It is based on the notation of utility, depending on the capital rate of return and safety. Safety is definded as the notion complementary to the value at research risk (VaR). The value as safety (VaS) is and increasing function of reasearch 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.

Słowa kluczowe

EN

innovations; evaluation of R&D projects; utility function investments; research risk; capital return; safety; financial and organizational leverages; joint venture contracts

• Wydawca: Polska Akademia Nauk, Wydział IV Nauk Technicznych
• Czasopismo: Bulletin of the Polish Academy of Sciences. Technical Sciences
• Rocznik: 2002
• Tom: Vol. 50, Nr 1
• Strony: 79--92
• Opis fizyczny: Bibliogr. 8 poz., 2 rys.

Twórcy

autor

Kulikowski R.

• University of Information Technology and Management, Newelska 6, 01-447 Warszawa, Poland (Wyższa Szkoła Informatyki Stosowanej i Zarządzania)

Bibliografia

• [1] J.C. Francis, Investment analysis and management, McGraw Hill. Inc., Fifth Edition (1991).
• [2] R. Kulikowski, Portfolio optimization: two factors-utility approach, Control and Cybernetics, 3 (1998).
• [3] R. Kulikowski, Portfolio optimization: two rules approach, Control and Cybernetics, 3 (1998).
• [4] R. Kulikowski, Optymalizacja zwrotéw oraz bezpieczeristwo w planowaniu rozwoju, Praca zbiorowa pod red. T. Trzaskalika Modelowanie preferencji a ryzyko 98, Katowice 1998.
• [5] R. Kulikowski, Optimum safety/return principle and applications, Bull. Pol. Ac.: Tech., 48, 2, (2000).
• [6] R. Kulikowski, Optimization of survival strategy by safety dependent utility model, Control and Cybernetics, 29 (2000).
• [7] R. Kulikowski, M. Libura, L. Stomifiski, Wspomaganie decyzji inwestycyjnych, Instytut Badan Systemowych PAN, Warszawa 1998.
• [8] G. A. Korn, T. M. Korn, Mathetical handbook (Russian translation), Izd. Nauka, Moskwa 1973.