Risk Assessment of Innovation Prototype for the Example Hydraulic Cylinder

Anna M. Deptuła, Michał Stosiak (), Adam Deptuła, Marek Lubecki, Mykola Karpenko, Paulius Skačkauskas, Kamil Urbanowicz and Algimantas Danilevičius
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Anna M. Deptuła: Faculty of Production Engineering and Logistics, Opole University of Technology, 76 Prószkowska St., 45-758 Opole, Poland
Michał Stosiak: Faculty of Mechanical Engineering, Wrocław University of Science and Technology, 7/9 Łukasiewicza St., 50-371 Wrocław, Poland
Adam Deptuła: Faculty of Production Engineering and Logistics, Opole University of Technology, 76 Prószkowska St., 45-758 Opole, Poland
Marek Lubecki: Faculty of Mechanical Engineering, Wrocław University of Science and Technology, 7/9 Łukasiewicza St., 50-371 Wrocław, Poland
Mykola Karpenko: Faculty of Transport Engineering, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10223 Vilnius, Lithuania
Paulius Skačkauskas: Faculty of Transport Engineering, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10223 Vilnius, Lithuania
Kamil Urbanowicz: Faculty of Mechanical Engineering and Mechatronics, West Pomeranian University of Technology, aleja Piastów 19, 70-310 Szczecin, Poland
Algimantas Danilevičius: Faculty of Transport Engineering, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10223 Vilnius, Lithuania

Sustainability, 2022, vol. 15, issue 1, 1-20

Abstract: This paper presents both an example of the innovation prototype risk assessment and the universal way of conduct in assessing such solutions. For this purpose, the authors proposed a prototype risk assessment method based on the assumptions of the SWOT and TOWS analysis and the multi-criteria technical innovation risk assessment method. In the assumptions of the developed method, an account was taken of the conclusions resulting from the prospect theory. A symptom of this action was, e.g., a characterization of the team of experts (working on the prototype) in terms of their individual personality traits and mind (which has not been used so far in practical methods of assessing risk). As a result of the conducted assessment (for an innovative hydraulic cylinder prototype), the innovation prototype risk was determined as low, which was presented both on the map of domination and the map of risk assessment for this prototype. The procedure presented in the paper was planned so as to ensure that, after the prototype moves to the commercialization phase, it will be possible, on the basis of the already made calculations, to apply the full risk assessment dedicated for technical innovations with ease. This gives it a universal nature.

Keywords: risk assessment; innovation; SWOT analysis; prototype; hydraulic cylinder (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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