INNOVATION POLICY AND INNOVATION MANAGEMENT
ASSESSMENT OF NEEDED VOLUME OF CAPITAL INVESTMENTS IN EARLY PHASES OF INNOVATIVE PRODUCT DESIGN IN MULTI-NOMENCLATURE MECHANICAL ENGINEERING
- 1 Department of Management and Business of Yerevan State University, Yerevan, Republic of Armenia
Abstract
Economic-mathematical models have been developed and proposed to determine the amount of funds required in early stages of a new product design. This will allow reducing the volume of operations in the pre-production stage and will help structurally optimize the innovative product lifecycle.