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IMPROVING TECHNICAL EFFICIENCY IS THE BASIS FOR INNOVATION

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PDF: Author(s): Byk F. L., Myshkina L. S.,
Number of journal: 2(43) Date: May 2018
Annotation:

This article describes aspects related to innovation and innovative development. Innovations in engineering and technology are associated not only with the emergence of new properties as with their manifestation in the predetermined combination. Typically, different technical and economic indicators are used that reflect their technical and economic effectiveness. Technical efficiency is determined by a combination of three properties. Safety, reliability, productivity are the basic properties that determine the economic effect. This makes it possible to judge the usefulness and significance of innovations. Implementation of innovation activities requires favorable external conditions and presence of certain infrastructure. The state of innovation infrastructure and its changes allow us to judge the presence of innovative development of the enterprise and industry.

Keywords:

innovation, development, combination of properties, technique, technology, technical efficiency, safety, reliability, productivity, composite material.

For citation:

Byk F. L., Myshkina L. S. Improving technical efficiency is the basis for innovation // Business. Education. Law. 2018. No. 2 (43). P. 93–98. DOI:10.25683/VOLBI.2018.43.261.