UDC 338.512
DOI: 10.36871/ek.up.p.r.2022.03.01.012
Authors
Pavel N. Kobin,
Plekhanov Russian University of Economics,
Moscow, Russia
Abstract
The article considers the approach of economic justification of the choice of innovative products
of industrial production based on the method of comparing the cost of the life cycle of an innovative product and
previously used.
The general theoretical foundations for the description of innovative products of industrial production, as well
as its criteria and features are given. The stages of the life cycle that should be taken into account by the buyer
of innovative products at the stages of making a decision on its purchase are considered. The life cycle of a gas
turbine installation is presented; criteria for assessing the economic feasibility of purchasing an innovative product,
as well as flowcharts of the corresponding calculation and mechanism of interaction between the manufacturer and
the operating organization.
Based on the data on costs throughout the life cycle, a conclusion is made about the directions of innovation
activities that can affect the positive economic effect of the introduction of a new product.
Keywords
innovation, lifecycle, product, cost-based valuation method, discounted cash flow, life cycle cost
