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Economic Analysis: Theory and Practice
 

Technical and economic analysis for introducing innovation at manufacturing enterprises

Vol. 13, Iss. 40, OCTOBER 2014

Available online: 26 October 2014

Subject Heading: INNOVATION ACTIVITIES

JEL Classification: 

Pages: 14-21

Pavlova I.A. Lobachevsky State University of Nizhny Novgorod - National Research University, Nizhny Novgorod, Russian Federation
irapavlova@mail.ru

Pavlov A.S. Nizhny Novgorod State Technical University named after R.E. Alekseev, Nizhny Novgorod, Russian Federation
as-pavlov@list.ru

The modern literature addresses a number of methods enabling to evaluate the effectiveness of product innovation implementation at enterprises when there is exact information on final results of research activities. In this case, it is possible to determine technical and economic advantages of the obtained result. However, very often an upgrading process involves implementing technological innovation, in which case the ultimate outcome is scarcely ever obvious. We have presented a technical and economic analysis to justify the selection of a welding method as applied to standard connection in a number of methods of a ring-type jointing of a power unit made of high-strength steel. We have assessed the feasibility of applying these methods. In this case we view each welding method as a technological innovation at a production plant. Reliability and quality of a weld joint were the technical parameters of efficiency of the welding process. An express analysis of individual indicators served as a basis to assess the economic effectiveness of the offered alternatives. We have chosen the best option of weld edge preparation for welded connection in terms of technical and economic indicators. It was an automatic argon-arc welding by a non-consumable electrode with welding wire on the narrow path gap. We conclude that there is a need to develop and improve the methods of assessing the effectiveness of technological innovation. Using refined algorithms for innovation assessment from both technical and economic point of view, it is possible to make more substantiated decisions on developing and upgrading production processes.

Keywords: technological innovation, welding, production, evaluation, efficiency, technological process

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