Net Present Value Approach: Method for Economic Assessment of Innovation Projects

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Date
2014-12-27
ORCID
Advisor
Referee
Mark
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Publisher
Elsevier
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Abstract
This paper is dedicated to the issue of innovative performance measurement. It focuses on techniques that can be employed for evaluation of single innovation project. The framework is based on detailed literature review and net present value (NPV) approach analysis. Furthermore, the paper investigates its pros and cons and discusses methods able to deal with NPV weaknesses. Used with care, these techniques can guide the management of innovation project by providing indications of its potential financial value.
Článek se zabývá tématem měření inovační výkonnosti. Soustředí se na techniky aplikovatelné na jednotlivé inovační projekty podniku. Jeho rámec je založen na principu čisté současné hodnoty. Článek popisuje výhody a nevýhody tohoto principu.
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Citation
Procedia Social and Behavioral Sciences. 2014, vol. 2014, issue 156, p. 506-512.
http://dx.doi.org/10.1016/j.sbspro.2014.11.230
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Peer-reviewed
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Published version
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en
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Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 Unported
http://creativecommons.org/licenses/by-nc-nd/3.0/
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