Regularity in innovation and planned aging

    Innovations, Vol. 7 (2019), Issue 3, pg(s) 90-93

    Technological development and its consequences, in the form of innovative aging of products and processes, lead to producers’ attitude towards searching for ways and means of improving and changing their parameters. The trend of changing the parameters of innovative products and processes as a result of their rapid innovation aging has already formed a new alternative concept for innovation development. It also puts new requirements both on the consumer nature of innovative products and on the methods, approaches and ways of their production and consumption. The main directions that provide an effective way out of the constraints imposed by rapid innovation aging to create competitive innovative products are being actively applied by many companies in automotive and electronics. This new approach, quickly adopted by manufacturers, is already showing its advantages in the practice of many industrial companies. The purpose of this article is to explore this process and define the main directions of its alternative and development. In essence, this means shortening the life cycle of products and reducing their resource use.

  • Analysis and assessment of the financial effects of the innovative impact on the tangible and intangible assets entered into service

    Innovations, Vol. 7 (2019), Issue 1, pg(s) 28-30

    Upon commissioning – tangible and intangible fixed assets are recorded in the inventory inventories, which includes the cost of transport and bringing the assets to normal operation in an operating environment (including installation, test, calibration, etc.). This process is strictly regulated, both normative and factual. After the asset is released, its amortization or accrual of depreciation charges begins. During the depreciation period, wastage is recorded, but no account is taken of innovation aging. This reporting has the side effects of rapid technical developments in communications and information technology. This article attempts to provide a methodological explanation for this manifestation and to find an approach for determining the magnitude of scattering or value-estimation of the dynamic asset environment.