Adopting energy flow charts for the economic analysis of process innovations
In many industries, process innovations play a major role in securing long term profitability. Corresponding research and development resources must be used effectively, which requires comprehensive insight into both technological and managerial aspects of the processes concerned. This paper introdu...
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| Veröffentlicht in: | Technovation 2007-11, Vol.27 (11), p.693-703 |
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| container_title | Technovation |
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| creator | Fürnsinn, Stefan Günther, Markus Stummer, Christian |
| description | In many industries, process innovations play a major role in securing long term profitability. Corresponding research and development resources must be used effectively, which requires comprehensive insight into both technological and managerial aspects of the processes concerned. This paper introduces so-called economic flow charts that combine technical and economic approaches and thus provide a means of overcoming communication barriers between engineers and managers. The flow charts illustrate the economic implications of an investment by adopting the widely accepted energy flow charts and by doing so, provide a clear picture of the profitability associated with a process and facilitate the identification of optimization potentials, respectively. An example from the field of biomass-based heat and power production is used to illustrate the economic flow charts’ applicability to practical problems. |
| doi_str_mv | 10.1016/j.technovation.2007.03.004 |
| format | Article |
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| ispartof | Technovation, 2007-11, Vol.27 (11), p.693-703 |
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| language | eng |
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| source | Elsevier ScienceDirect Journals |
| subjects | Analysis Economic process evaluation Economics Flowcharts Management Profit flow chart R&D Research & development Research and development management Studies |
| title | Adopting energy flow charts for the economic analysis of process innovations |
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