Economic evaluation of potential process innovation

Samuel J Mantel , Vijay A Tipnis, Uday Watwe and Gian Luigi Ravignani

Omega, 1983, vol. 11, issue 1, 33-40

Abstract: A method is developed to conduct an economic evaluation of a potential process innovation prior to establishing the innovation's technical feasibility. The approach allows the identification of 'opportunity windows' for application/performance target combinations for new technology. The boundaries of acceptable performance can be set before investments are made in R & D and implementation of the innovation.

Date: 1983
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